Insider: MetaMask Stablecoin mUSD Set to Launch by End of Month

BlockBeats News, August 14th, according to sources familiar with the matter, crypto wallet MetaMask is expected to announce details of its proprietary stablecoin mUSD as early as this week. The project was previously exposed due to a governance proposal that was released prematurely and swiftly deleted, with plans to go live at the end of this month.

mUSD was issued with the assistance of stablecoin payment service provider Bridge (acquired earlier this year by fintech company Stripe) and stablecoin issuance protocol M^0, and is custody and asset management services are provided by alternative asset management firm Blackstone. (CoinDesk)