MetaMask breaks ground with wallet-native stablecoin mUSD

2025/08/21 22:41

MetaMask is expanding its role in crypto finance with mUSD, a dollar-pegged stablecoin issued by Bridge. The rollout comes as U.S. regulations sharpen and stablecoin adoption reaches new highs.

Summary
  • MetaMask has launched mUSD, a dollar-pegged stablecoin issued with Bridge and M0.
  • The asset will debut on Ethereum and Linea, with plans to integrate into the MetaMask Card.
  • The move comes amid fresh U.S. regulatory clarity from the GENIUS Act, boosting stablecoin confidence.

On August 21, MetaMask, the self-custodial crypto wallet built by Consensys, announced the launch of MetaMask USD (mUSD), a native stablecoin developed in partnership with Bridge, a Stripe company, and infrastructure firm M0.

This move marks the first time a major non-custodial wallet has vertically integrated its own dollar-denominated asset, designed to be deeply embedded across its ecosystem from onboarding to spending.

According to the press release, mUSD will initially launch on Ethereum and Consensys’s own Linea network, where it is expected to serve as a foundational asset for its growing DeFi ecosystem and eventually power real-world spending through the MetaMask Card by the end of the year.

A strategic pivot amid a regulatory sea change

By owning a U.S. dollar-pegged stablecoin within its wallet, MetaMask can streamline processes that have long been fragmented, such as fiat on-ramps and cross-chain swaps, while ensuring that liquidity and economic activity remain within its own ecosystem, particularly on its Linea network.

The timing is no coincidence. mUSD launch capitalizes on newfound regulatory clarity provided by the passage of the U.S. GENIUS Act. The legislation establishes the first federal framework for payment stablecoins, creating a clear path for compliant issuance and operation by aligning previously disparate state and federal regulations. This regulatory green light has unleashed a wave of institutional confidence, de-risking the stablecoin market for major players like MetaMask and its partners.

A trillion-dollar opportunity 

Market dynamics are pulling in the same direction, with MetaMask’s confidence echoed by traditional finance giants. In a recent report, Goldman Sachs analysts said the current $271 billion stablecoin market is poised for explosive growth, identifying a total addressable market in the trillions of dollars, primarily driven by global payments.

They note that regulatory legitimacy, precisely what the GENIUS Act provides, is the key catalyst that will unlock this value, moving stablecoins beyond crypto trading into mainstream consumer and business payments. MetaMask’s integration with the MetaMask Card, allowing mUSD to be spent at millions of Mastercard merchants, is a direct play for this very opportunity.

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Fed Governor Lisa Cook Under Fire: DOJ Official Urges Powell to Act

Fed Governor Lisa Cook Under Fire: DOJ Official Urges Powell to Act

BitcoinWorld Fed Governor Lisa Cook Under Fire: DOJ Official Urges Powell to Act In a development that has captured significant attention, a U.S. Department of Justice (DOJ) official has reportedly urged Federal Reserve Chairman Jerome Powell to dismiss Fed Governor Lisa Cook. This isn’t the first time Governor Cook has faced scrutiny. The call comes amidst a backdrop of previous allegations and demands from the Trump administration. Why is Fed Governor Lisa Cook Facing This Demand? The recent demand for the dismissal of Fed Governor Lisa Cook stems from a report by the Walter Bloomberg economic news account on X. This report highlights that the Trump administration had previously called upon the DOJ to investigate alleged mortgage fraud involving Governor Cook. Furthermore, former President Trump had also publicly called for her resignation. These are serious accusations that bring the conduct of a high-ranking financial official into question. The Federal Reserve, as a pillar of economic stability, operates under intense public and governmental oversight. The Allegations Against Fed Governor Lisa Cook While specific details of the alleged mortgage fraud are not widely publicized in this particular report, the repeated calls for investigation and resignation suggest a persistent concern. Such allegations, regardless of their veracity, can cast a shadow over an official’s credibility and the institution they represent. The Trump administration initially sought a DOJ investigation into alleged mortgage fraud. Former President Trump explicitly called for Governor Cook’s resignation. The latest report indicates a current DOJ official is urging her dismissal by Chairman Powell. What Does This Mean for the Federal Reserve? The Federal Reserve operates with a significant degree of independence to ensure its monetary policy decisions are not swayed by political pressures. However, calls for the dismissal of a high-profile figure like Fed Governor Lisa Cook from within the government can create significant internal and external challenges. Chairman Powell now faces a delicate situation. He must balance the need for accountability with the imperative to protect the Fed’s autonomy and stability. Any decision regarding Governor Cook’s tenure would be closely watched by financial markets and the public alike. The Role of a Fed Governor A Federal Reserve Governor plays a crucial role in shaping the nation’s monetary policy. They participate in the Federal Open Market Committee (FOMC), which sets interest rates and guides the economy. Their decisions impact everything from inflation and employment to borrowing costs for businesses and consumers. Therefore, questions about the integrity or conduct of a Fed Governor Lisa Cook are not merely political squabbles; they touch upon the very foundations of economic governance. What Happens Next for Fed Governor Lisa Cook? The immediate future regarding Fed Governor Lisa Cook remains uncertain. Chairman Powell’s response to this urgent call will be pivotal. He could choose to: Defend Governor Cook, citing a lack of substantiated evidence or the Fed’s independence. Initiate an internal review or cooperate with any ongoing external investigations. Take disciplinary action, including dismissal, if warranted by evidence. The situation highlights the complex interplay between government oversight, political demands, and the independent functioning of crucial financial institutions. Summary: A Critical Juncture for the Fed The renewed call from a U.S. DOJ official for Chairman Jerome Powell to fire Fed Governor Lisa Cook injects a significant element of controversy into the Federal Reserve’s operations. Building on past allegations from the Trump administration, this situation underscores the intense scrutiny faced by top financial officials. The outcome will not only determine Governor Cook’s future but also test the Fed’s independence and its leadership’s ability to navigate high-stakes political pressure while maintaining public trust. Frequently Asked Questions (FAQs) Q1: Who is Fed Governor Lisa Cook? A1: Lisa Cook is a current member of the Board of Governors of the Federal Reserve System, appointed to a 14-year term. She plays a key role in setting U.S. monetary policy. Q2: What are the allegations against Fed Governor Lisa Cook? A2: The allegations primarily involve claims of mortgage fraud, which were first raised by the Trump administration. The recent report indicates a DOJ official is urging her dismissal based on these past concerns. Q3: Can the DOJ force Jerome Powell to fire a Fed Governor? A3: No, the DOJ cannot directly force the Federal Reserve Chairman to fire a Governor. However, a DOJ investigation or official recommendation would put significant pressure on Chairman Powell to address the concerns. Q4: What is the role of the Federal Reserve Board of Governors? A4: The Board of Governors oversees the Federal Reserve System, guides monetary policy, supervises banks, and maintains financial stability. Governors participate in the FOMC, which makes decisions on interest rates and other monetary tools. Q5: How does this situation impact the Federal Reserve’s independence? A5: Such calls for dismissal, especially from government officials, can challenge the perception of the Fed’s independence. Chairman Powell’s handling of the situation will be crucial in demonstrating the Fed’s ability to make decisions free from undue political influence. Did you find this article insightful? Share it with your network to keep others informed about the ongoing developments concerning Fed Governor Lisa Cook and the Federal Reserve! To learn more about the latest financial markets trends, explore our article on key developments shaping economic stability. This post Fed Governor Lisa Cook Under Fire: DOJ Official Urges Powell to Act first appeared on BitcoinWorld and is written by Editorial Team
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