MetaMask, the noted cryptocurrency wallet, is poised to reveal significant information regarding its own US dollar-pegged stablecoin, dubbed mUSD, possibly within this week, as per insider sources.

Details about this stablecoin, which have been previously hinted at due to a mistakenly released governance proposal that was shortly retracted, suggest that the stablecoin could go live by the end of this month.

Key Points:

• MetaMask is collaborating with Bridge, a stablecoin payment facilitator recently acquired by fintech giant Stripe, to issue this token.
• The company has also engaged Blackstone, a traditional finance alternative asset manager, for custodial and treasury management services related to mUSD.

The anticipated launch of mUSD will enable MetaMask to join other major crypto platforms by creating its own stablecoin, allowing it to benefit from the underlying yield generated from assets typically held in stablecoins such as USDT and USDC.