MetaMask, one of the most widely used self-custodual wallets, launched its native mUSD stablecoin. The asset will start receiving LP rewards on the Etherex decentralized exchange.MetaMask, one of the most widely used self-custodual wallets, launched its native mUSD stablecoin. The asset will start receiving LP rewards on the Etherex decentralized exchange.

MetaMask mUSD stablecoin goes live, offering fiat on-ramp

2025/09/16 01:03

MetaMask’s native stablecoin mUSD is live, after the initial announcement at the end of August. The asset may serve as a fiat on-ramp for one of the most widely used browser wallets. 

MetaMask announced its native stablecoin mUSD is live, after announcing the new asset at the end of August. As Cryptopolitan reported earlier, MetaMask aims to enter the $280B growing stablecoin market in partnership with Stripe. 

MetaMask’s mUSD is the first token to be issued by a self-custodial browser wallet. The asset will be fully integrated into the MetaMask ecosystem of apps, and work for swaps, on-ramps, and bridging. 

MetaMask to launch mUSD on Ethereum, Linea

The token also launched on Linea, one of the hottest new chains following the recent TGE and airdrop. The token will initially launch on Ethereum and Linea and will become a part of the Linea DeFi.

The MetaMask stablecoin follows the recent rush to create new compliant assets, based on the requirements in the US Genius Act. The stablecoin aims to tap the most active sources of liquidity in the US market.

The token will be launched by Bridge, the Stripe company for stablecoin issuance and infrastructure. It will compete with USDT and USDC, currently Ethereum’s busiest apps. The token will launch with an initial supply of around $18M. The new addition is relatively small, as the supply of stablecoins grows relentlessly to over $284.8B

Liquidity through mUSD to receive higher rewards

Immediately after the launch, mUSD started a program to become the go-to stablecoin on Linea. Currently, Linea can rely on bridged USDT and USDC, with over $304 in total supply. 

After the launch, mUSD will aim to displace that liquidity by offering bigger incentives through yield. USDT will only receive 0.1 LINEA for each $1 in liquidity, while LINEA and ETH pools will have a higher yield. 

The mUSD pools against USDT, USDC, ETH, and LINEA will start receiving rewards from September 15. For the first epoch, stablecoin pools will be assigned 2.8M LINEA, the ETH pool will receive 5.6M LINEA, and the mUSD/LINEA pair will also have 2.8M tokens set aside for incentives. 

MetaMask’s mUSD token will initially become active on the Etherex exchange, a newly launched DEX. Etherex launched in August and accrued around $180M in liquidity. The DEX carries some of the latest tokens on Ethereum, reaching $2.48B in monthly volumes. 

The DEX aims for up to $54M in annualized fees, potentially sharing them with mUSD holders as incentives and LP rewards. 

Currently, mUSD is still not distributed, with 40% of the supply held in a cluster of three wallets. On its first day of trading, mUSD achieved around $20M in volumes. Etherex is yet to gain traction on MetaMask, as Uniswap is still the leading DEX. 

The MetaMask wallet still aggregates over 85K active users for swaps, producing between $300K and $500K for fees. MetaMask swaps are relatively expensive, and mUSD aims to decrease costs and boost liquidity.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Piyasa Fırsatı
Etherex Logosu
Etherex Fiyatı(ETHEREX)
$0.03998
$0.03998$0.03998
-4.55%
USD
Etherex (ETHEREX) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Paylaş
BitcoinEthereumNews2025/09/18 00:09
XRP Price Prediction: Can Ripple Rally Past $2 Before the End of 2025?

XRP Price Prediction: Can Ripple Rally Past $2 Before the End of 2025?

The post XRP Price Prediction: Can Ripple Rally Past $2 Before the End of 2025? appeared first on Coinpedia Fintech News The XRP price has come under enormous pressure
Paylaş
CoinPedia2025/12/16 19:22
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Paylaş
BitcoinEthereumNews2025/09/18 01:44