The team’s statement says that Bridge is responsible for the issue of Stablecoin – a platform for the release of “stable coins”, owned by the STRIPE payment service. Technical support is provided by a decentralized M0 protocol specializing in liquidity pools.
“Metamask USD is a critical step in the mass implementation of Web3. It eliminates barriers, reduces costs and allows users to start funds in a caste -dedicated wallet, spend it anywhere and use it as money should be used, ”said the head of Metamask products Gal Eldar (Gal Eldar).
Stablecoin is provided with dollar liquidity and short -term bonds of the United States, Metamask representatives promised. Users will be able to start, display, store and transfer assets through the application, as well as pay for purchases via Metamask Card using MasterCard cards, the developers said.
Earlier, the Metamask team announced the launch of the new Stablecoin Earn function, allowing customers to make a profit for deposits in USDC, USDT, or DAI stabilcoins directly through the application.
Source: Bits
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