The post MetaMask to Launch Stripe-Issued mUSD Stablecoin on Ethereum and Linea appeared on BitcoinEthereumNews.com. Crypto wallet provider MetaMask said it will introduce MetaMask USD (mUSD), a dollar-backed stablecoin scheduled to launch later this year on the Ethereum mainnet and Linea, the layer-2 network built by parent company Consensys Crypto wallet provider MetaMask said it will introduce MetaMask USD (mUSD), a dollar-backed stablecoin scheduled to launch later this year on the Ethereum mainnet and Linea, the layer-2 network built by parent company Consensys. The token will be issued and custodied by Bridge, a subsidiary of payments giant Stripe, and will be fully backed by dollar-equivalent assets in compliance with the recently enacted GENIUS Act, which sets standards for U.S.-issued stablecoins. mUSD marks the first time a self-custodial wallet has created a native stablecoin. MetaMask plans to integrate the token across its services, including on- and off-ramps for crypto trading as well as payments. The company said mUSD will also be enabled as a funding option for its Mastercard-branded MetaMask debit card before year-end, giving users a direct way to spend the stablecoin at merchants that accept the card. MetaMask, which reports tens of millions of monthly active users, aims to position mUSD as a core liquidity layer for decentralised finance applications. Executives said tighter integration with the wallet should lower transaction costs and smooth user experience compared with rival stablecoins. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/defi/metamask-to-launch-stripe-issued-musd-stablecoin-on-ethereum-linea-cca11178The post MetaMask to Launch Stripe-Issued mUSD Stablecoin on Ethereum and Linea appeared on BitcoinEthereumNews.com. Crypto wallet provider MetaMask said it will introduce MetaMask USD (mUSD), a dollar-backed stablecoin scheduled to launch later this year on the Ethereum mainnet and Linea, the layer-2 network built by parent company Consensys Crypto wallet provider MetaMask said it will introduce MetaMask USD (mUSD), a dollar-backed stablecoin scheduled to launch later this year on the Ethereum mainnet and Linea, the layer-2 network built by parent company Consensys. The token will be issued and custodied by Bridge, a subsidiary of payments giant Stripe, and will be fully backed by dollar-equivalent assets in compliance with the recently enacted GENIUS Act, which sets standards for U.S.-issued stablecoins. mUSD marks the first time a self-custodial wallet has created a native stablecoin. MetaMask plans to integrate the token across its services, including on- and off-ramps for crypto trading as well as payments. The company said mUSD will also be enabled as a funding option for its Mastercard-branded MetaMask debit card before year-end, giving users a direct way to spend the stablecoin at merchants that accept the card. MetaMask, which reports tens of millions of monthly active users, aims to position mUSD as a core liquidity layer for decentralised finance applications. Executives said tighter integration with the wallet should lower transaction costs and smooth user experience compared with rival stablecoins. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/defi/metamask-to-launch-stripe-issued-musd-stablecoin-on-ethereum-linea-cca11178