MetaMask Launches its Own Dollar Stablecoin: A Major Shift for Web3

MetaMask, a prominent cryptocurrency wallet provider, has launched its own dollar-backed stablecoin called mUSD. This move marks a significant development in the world of decentralized finance (DeFi) and could significantly impact user experience within the crypto space. 🤝 🧠 The stablecoin will be issued through Bridge, a stablecoin platform acquired by Stripe, and powered by M0’s liquidity system. Users can seamlessly interact with mUSD on Ethereum and Linea, MetaMask’s in-house layer-2 network, enabling swaps, bridging, lending, and other DeFi applications without needing to leave the wallet interface.