Ethereum wallet provider MetaMask is preparing to unveil details of its own U.S. dollar-pegged stablecoin, mUSD, as early as this week, with public issuance targeted before the end of August, according to people familiar with the plans. The token will be minted with technical support from the Bridge platform—acquired by payments giant Stripe earlier this year—and from the stablecoin protocol M^0. Blackstone has been tapped to handle custody and treasury management for the reserves that will back the coin. By introducing a proprietary stablecoin, MetaMask—used by more than 30 million people each month—aims to capture a share of the yield generated by the short-term U.S. Treasury assets that underpin most major dollar tokens. The launch comes amid renewed momentum for the sector following passage of the GENIUS Act, which clarified federal oversight of stablecoins. Dollar-linked tokens currently represent about $280 billion in circulation; Standard Chartered projects the figure could reach $750 billion by 2026 as traditional finance groups such as JPMorgan and Bank of America explore similar offerings.