News

According to a report by Jinse Finance, sources reveal that MetaMask, the well-known Ethereum ecosystem crypto wallet, plans to announce details of its US dollar-pegged stablecoin mUSD as early as this week, with an official launch expected by the end of the month. The issuance of mUSD will be supported by Bridge, a payment stablecoin service provider acquired by fintech giant Stripe earlier this year, and the stablecoin issuance protocol M^0. Additionally, alternative asset management firm Blackstone has been invited to provide custody and fund management services. With over 30 million monthly active users, MetaMask aims to issue the stablecoin to share yields from highly liquid assets such as short-term US Treasury bonds.

According to ChainCatcher, citing Jinshi News, Federal Reserve’s Bostic stated that the U.S. job market remains close to full employment, providing the Fed with an “opportunity” to avoid making any hasty policy adjustments. He emphasized the need to avoid policy swings that could cause trouble for the public and expressed a preference for waiting until “things become clearer.” Bostic believes there is currently ample time to make adjustments, as the labor market is essentially at full employment.