Metamask, the commonly used self -wide wallet, has unveiled plans to launch its own Stablecoin, Metamask USD (Musd) later this year.
According to a August 21 rackMusd will initially debut on Ethereum and Linea L2, where it becomes an important part of the growing Defi Ecosystem from Linea.
The project will be developed in collaboration with Bridge, a line property of Stablecoin-Emittent, and M0, a decentralized platform with liquidity infrastructure on chains.
Metamask’s Musd
According to Metamask, the Stablecoin would be fully supported 1: 1 with high -quality, very liquid dollar equivalent assets.
The active would also be integrated into important protocols, including loan platforms, decentralized fairs and storage services. Metamask expects these integrations to generate a deeper liquidity and lock the total value of the ecosystem (TVL).
The wallet service provider emphasized that his users can use Musd for seamless swaps, transfers and bridging in the wallet, while the Metamask card makes Real-Life spending possible towards the end of 2025.
Gal Eldar, the product leader of Metamask, described the launch as a step in the direction of reducing barriers for people who enter the web3 -ecosystem. According to him, Musd users will have their money brought to the chain, make it productive and use wherever they want, so that they create value in portfolios and then.
Stablecoin ecosystem growth
The Musd rollout coincides with a shifting regulations in the US with regard to the $ 285 billion sector currently dominated by Tether’s USDT.
Crypto -consulting agency Castle Labs noted That the recent approval of the Genius Stablecoin Act has indicated a more supporting framework for alternatives to digital dollars. According to the company, this legislation could accelerate the launch of new Stablecoins and encourage existing projects to expand their presence on the chains.
Despite the growing acceptance of the emerging industry, Stablecoins remain heavily concentrated on centralized exchanges.
In view of this, Castle Labs noted that the long-term success of a Stablecoin project would depend on the liquidity, the usability of the real world and integration on portfolios and Defi-platforms.
