According to Crypto Wallet Platform Metamask, the company plans to launch its own Stablecoin, Ethereum and Linea Networks later this year. Stablecoin is built in collaboration with M0 and Bridge, and is fully supported by 1:1 with high quality, highly liquid dollar equivalent assets.
“MetaMask USD is an important step in guiding the world through chains,” said Gal Elder, MetaMask’s product lead. “By natively integrating Metamask’s product offering, we can cut off some of the most stubborn barriers in Web3, reducing both the friction and cost of people onboard to a self-supported wallet. With Metamask USD, users have money in chains, put them anywhere, and can’t spend most of them.”
Dollar Stablecoins are designed to track the value of one-to-one US dollars. The property was about a US town last year. Since US President Donald Trump took office, more states have been pursuing launching crypto projects in the form of stables or crypto preparations. Now that some pro-law laws have been passed, the crypto industry, particularly the ridiculous industry, is projected to continue to rise in the spotlight. In the case of Metamask USD, it will be released at an increase in regulations, especially following the passage of the US Genius Act. This introduces the first federal framework to regulate payment stability.
“We’re looking forward to seeing you in the future,” said Luca Prosperi, co-founder and CEO of M0. “The current incarnation of Stablecoin Technology is not suitable for its purposes. Products such as Metamask benefit from optimizing for interoperability and liquidity, as they are able to customize Stablecoin technology and have more choices than publishing options.
“We’re looking forward to seeing you in the future,” said Zach Abrams, Co-Founder and CEO of Bridge. “The publishing technology has reduced its timeline to several weeks. This means platforms like MetaMask can make profits faster and more efficient than ever.”
