Payment with MasterCard possible: MetaMask launches stablecoin

The stablecoin of the Web3 wallet MetaMask, mUSD, is officially live. The company announced this on the evening of September 15th on Platform X. This makes it the first stablecoin launched by a so-called self-hosted wallet.
The contract address of the token, which runs on both Ethereum and Linea, is 0xaca92e438df0b2401ff60da7e4337b687a2435da. The token is designed to replicate the US dollar at a one-to-one ratio.
At the time of writing, the coin is already listed on Coingecko – but only has a market capitalization of $24 million. By comparison, the world's largest stablecoin, Tether, has a market capitalization of $170 billion.
“mUSD can be used for fiat-to-crypto onramps, swaps, trades, and decentralized finance (DeFi) services. mUSD can also be spent via the MetaMask card at Mastercard merchants worldwide.” Users should be able to do all of this within the MetaMask ecosystem.
Stablecoins offer the advantage of allowing you to trade secure assets during volatile market phases without the hassle of converting to fiat. You can find stablecoins like USDC on Bitpanda.

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