MetaMask Launches mUSD Stablecoin, Integrates Wallet for Web3 Spending

MetaMask is making a significant move in the cryptocurrency space with the launch of its own stablecoin, mUSD. This USD-backed token will be integrated directly into MetaMask’s wallet ecosystem to facilitate smoother transactions and spending on blockchain platforms. The company plans to integrate mUSD across core wallet features like swaps, fiat deposits, and bridging between blockchains. Users can leverage it for decentralized app interactions within the Web3 ecosystem while benefiting from a more secure and simplified DeFi experience.