MetaMask to Launch Dollar-Pegged Stablecoin This Week

MetaMask, a leading cryptocurrency wallet provider with over 30 million monthly active users, is set to launch its own dollar-pegged stablecoin this week. The token, called mUSD, could be officially unveiled as early as this week, followed by a full rollout before the end of the month. This move marks a significant step for MetaMask, enabling them to capture a share of the yield generated by underlying reserves often used by third-party stablecoin issuers such as Tether and Circle.