The metamask, the cryptocurrency purse that has grown in popularity within the Ethereum blockchain ecosystem, is likely to open the details of its own custom stablecoin dollar in a moment, potential at the moment, according to someone who is familiar with this matter.
The metamask stablecoin (MUSD) Ay already reported in the works Thanks to a prematurely posted management proposal that was quickly removed last week. After the potential announcement of this week, the new dollar’s new token will be a live property by the end of this month, the person said.
Metamask, who said it was over 30 million active monthly users, are working to issue its stablecoin with the help of BridgeA firm already Fintech giant stripe Earlier this year helping businesses combine stablecoin payment metals, and Stablecoin issuance protocol m^0.
As well as working near the Bridge at Musd Stablecoin, Metamask also enrolled the assistance of traditional alternative asset manager Blackstone to assist in careful and treasury management services for the token, the man said.
Metamask and M^0 refused to comment. Blackstone and Bridge do not immediately respond to requests for comment.
Like many other large crypto platforms holding significant amounts of user funds in the form of major stablecoins such as the USDT and Circle’s USDC, Metamask’s prerogative to launch a branded stablecoin is driven by the opportunity to share with the underlying stablecoin assets, usually short -term, highly cooler bonds like US US Treasury.
