X @BSCN

Stablecoin Launch & Features - MetaMask launched its own stablecoin, MetaMask USD (mUSD), on September 15, pegged 1:1 to the U S dollar [1] - mUSD is issued by Bridge, a Stripe-owned platform, and built on M0's decentralized infrastructure [1] - At launch, mUSD runs on Ethereum and Linea, MetaMask's layer-2 network [2] - Reserves are fully backed by cash and short-term Treasuries, promising real-time transparency [2] - MetaMask is the first self-custodial wallet to roll out a native stablecoin, enabling swaps, transfers, and bridging with lower fees and faster transactions [2] DeFi & Payment Integration - mUSD is expected to play a role in DeFi trading, yield farming, and as collateral [3] - Integration with the MetaMask Card is planned, allowing direct spending with Mastercard merchants worldwide [3] Market Competition & Strategic Implications - The stablecoin sector is experiencing increased competition, with Tether posting $49 billion in profit in Q2, Circle building a stablecoin-focused blockchain, and PayPal launching PYUSD [3] - Banks are also entering the stablecoin space as U S rules become clearer [3] - For MetaMask, mUSD aims to tighten its ecosystem, drive liquidity into Linea, and capture a portion of the stablecoin revenue [4]