The ultimate "cheat code" for Web3: MetaMask launches native stablecoin mUSD, targeting an annual yield of $40 million.After Hyperliquid launched its native stablecoin USDH, Web3 wallet giant MetaMask also introduced its native stablecoin mUSD. This stablecoin is issued by Bridge.xyz, a publisher under Stripe, based on the M0 protocol, and is backed by short-term U.S. Treasury bonds. The core advantage of mUSD does not come from technology or innovation, but from its unparalleled "distribution" capability: with a massive user base of 100 million annually, mUSD has become the first native stablecoin integrated within self-hosted wallets, achieving a full closed loop for fiat purchases, exchanges, and card payments. Despite facing the dual monopoly of USDT and USDC, mUSD's market capitalization has surged from $25 million to $65 million in less than a week since its launch, showcasing the powerful influence of "who controls the screen, who controls the token," and indicating that MetaMask is transforming itself from a "cost center" tool into a "profit engine" generating tens of millions of dollars in annual profit.
MarketWhisper·09-28 07:57