Overview

• According to unnamed sources, MetaMask plans to unveil its U.S. dollar-pegged stablecoin mUSD imminently and launch it by the end of August.
• The token’s infrastructure will be built on Stripe’s Bridge and M^0 while Blackstone is set to handle custody and treasury functions.
• Passage of the GENIUS Act in July established federal reserves and compliance requirements that enabled MetaMask’s stablecoin initiative.
• MetaMask aims to monetize yields on reserves—mostly short-term U.S. Treasuries—and bolster its payments and yield product offerings.
• Details first surfaced in a deleted governance proposal and remain unconfirmed publicly as MetaMask and its partners have declined to comment.