#binance #hype #zec #near
21/09/25 19:47 UTC-04

MetaMask’s mUSD Stablecoin Market Cap Jumped from $15M to $65M in One Week

The market cap of the new mUSD stablecoin from the MetaMask wallet quickly surged to $65 million within a week of its launch, up from $15 million at the start.

According to Dune Analytics, as of Saturday, 88.2% of mUSD issuance is on the Linea blockchain, with the remaining 11.8% on Ethereum.

MetaMask reported that mUSD is issued via Bridge, a Stripe stablecoin platform, and built using decentralized M0 infrastructure. The stablecoin is backed 1:1 by high-quality, highly liquid USD-equivalent assets.

Meanwhile, the total supply of USD-pegged stablecoins reached $279.8 billion, with USDT still leading at $172.3 billion in circulation.

Stablecoins remain a key focus for crypto companies following the U.S. GENIUS Act passed in July. For example, blockchains Kaia and LINE NEXT plan to launch a super app for stablecoins on the LINE Dapp portal by the end of the year.

See also: "Bitcoin: Price Holds Around $113K Amid Fed Rate Concerns"

#mUSD #Capitalization

Editor: Yulia Krasnaya
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