MetaMask has launched its native stablecoin mUSD

BlockBeats News, August 21st, according to The Block, MetaMask has officially launched its native stablecoin, MetaMask USD (mUSD).

MetaMask stated on Thursday that mUSD will be issued by Bridge, a stablecoin issuance platform owned by Stripe, and minted through M0's decentralized infrastructure. Furthermore, mUSD will be fully backed 1:1 by a "high-quality, highly liquid asset equivalent to the US dollar" and will achieve real-time transparency and cross-chain composability through M0's liquidity network.