Metamask, Ethereum $4,676.06 It is the most commonly decentralized wallet application in the ecosystem. The company continues to launch its own stablecoin, indexed to the US dollar. According to a source familiar with the issue, the details of the new digital tokene, which is called “Musd ,, can be explained in the coming days. Recently, a management proposal that was mistakenly shared about the project was quickly deleted and caused the strengthening of expectations in the community.
MUSD’s Features
Metamask Stablecoin is designed to be indexed to the US dollar and will carry the platform’s own brand. According to the current plan, after a possible explanation, MUSD may be available before it ends this month. Metamask, which has become one of the important actors of the Web3 ecosystem, reached more than 30 million active users per month last year. This is a quite large figure in crypto money markets.
We will see that the new crypto asset is supported by various companies experienced in the crypto sector in the creation and management process. Metamask is working together with Bridge, especially for Stablecoin’s supply. Bridge was purchased by FinTech, Strepe, which has focused on payment integrations in the past.
In addition, Metamask included Blackstone, one of the giants of the traditional financial sector, into the process for the supervision of the crypto being and the management of the treasury.
While there is no official announcement by Metamask and M^0, Blackstone and Bridge do not make a positive return to information requests. Nevertheless, the inside resources confirmed that the names related to the subject work in cooperation.
“Metamask is in close cooperation with Bridge in Stablecoin’s supply to the market and receives support from Blackstone for supervision and treasury management.”
Causes of logging into the stablecoin market
A significant portion of large crypto platforms usually keep user assets in the main stablecoins such as USDT or USDC, and become partners in the returns from these assets. Similarly, Metamask’s attempt to develop a product with its own brand aims to diversify income models and strengthen its position in the market.
The new Stablecoin will be supported by financial vehicles such as short -term US treasury bonds with high liquidity. Experts argue that such assets provide stability and convenience to users, and that they can create additional income to platforms.
Metamask officials had previously left an open door for their own stablecoins, “We aim to expand the network and earn sustainable income by offering innovative financial tools for our users.”
As a result, the development of Metamask’s own stablecoini, increasing the brand loyalty in the crypto currency ecosystem, it can pave the way for financial product diversity in the sector. The recent rivalry and the expansion of the user base pave the way for more orientation of platforms to new financial products.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
