Metamask to Launch MMUSD Stablecoin – A New Rival to USDT & USDC

Metamask, one of the world’s leading Web3 wallets, is set to enter the stablecoin arena with MMUSD, a USD-pegged stablecoin, to be announced this week. The official launch is expected by the end of the month.

Blastne to Handle Custody and Treasury Management

Blastne, a global asset management leader, will be responsible for custody and treasury management of MMUSD, ensuring the backing assets are securely stored while optimizing yield.

Competitive Strategy Against USDT & USDC

Metamask plans to make MMUSD the primary trading pair for many services within its ecosystem, aiming to:

● Improve liquidity

● Enhance user experience

● Generate steady revenue from reserve assets (mainly short-term, highly liquid U.S. Treasury bonds)

This approach mirrors strategies used by Tether (USDT) and Circle (USDC), ensuring the 1:1 peg to USD is maintained.

A Booming Stablecoin Market

The stablecoin market has surged this year, surpassing $271 billion in market capitalization and is projected to triple by 2026. Metamask’s entry signals fierce competition among industry giants.

💡 CTA: Investors should keep a close eye on MMUSD’s debut and competitors’ reactions, as this could mark a turning point in the stablecoin landscape.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.

Metamask Launches MMUSD Stablecoin – Challenges USDT, USDC