Metamask, the widely used car portfolio, revealed its intention to launch its own stablecoin, Metamask USD (MUSD), later this year.
According to a declaration of August 21, Musd will initially make his debut on Ethereum and Linea L2, where he will become a key element of the growing challenge ecosystem of Linea.
The project will be developed in collaboration with Bridge, a striped stable transmitter, and M0, a decentralized platform providing a liquidity infrastructure on a chain.
Musd of Metamask
According to Metamask, the stablecoin would be fully supported 1: 1 with high quality equivalent assets and very liquid.
The asset would also be integrated into major protocols, including loan platforms, decentralized exchanges and day care. Metamask expects these integrations to generate deeper liquidity and increase the total value of its locked ecosystem (TVL).
The portfolio service provider stressed that its users can take advantage of MUSD for exchanges, transfers and transparent transfers in the portfolio, while the Metamask card will allow actual expenses by the end of 2025.
Gal Eldar, Metamask product leader, described the launch as a step towards reducing obstacles to people entering the web 3 ecosystem. According to him, Musd will allow users to bring their funds to the chain, make them productive and use them wherever they wish, thus creating value in wallets and beyond.
Growth of the Stablescoin ecosystem
The MUSD deployment coincides with a regulatory environment changing in the United States concerning the 285 billion dollars sector currently dominated by the USDT in Tether.
The Consulting Consulting Consulting Castle Labs has stressed that recent approval of the Act respecting the stable engineer has reported a more favorable framework for alternatives in digital dollars. According to the cabinet, this legislation could accelerate the launch of new stablescoins and encourage existing projects to extend their presence on the chain.
However, despite the growing adoption of the emerging industry, the stablecoins remain strongly concentrated on centralized exchanges.
Given this, Castle Labs noted that the long -term success of any stabing project would depend on its liquidity, its real conviviality and its integration between the portfolios and the DEFI platforms.
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