Headline: Стейблкоин MetaMask мUSD достигает $65 миллионов за неделю, отражая рост рынка Translation: MetaMasks stablecoin mUSD reaches $65 million in a week, reflecting market growth.

The proposal for the «stablecoin» mUSD by MetaMask surged from $15 million to $65 million within a week following its launch, as evidenced by data from the Web3 wallet site.

A significant portion of the stablecoin’s issuance is on the Linea network, accounting for 88.2%. The remaining 11.8% is hosted on Ethereum.

The MetaMask team announced the introduction of mUSD at the end of August, with the official release taking place on September 15.

mUSD is issued through Stripe’s Bridge platform, utilizing decentralized infrastructure M0. This stablecoin is fully backed by liquid equivalents of the US dollar—cash and short-term treasury bonds—at a 1:1 ratio.

On September 19, Ethereum co-founder and ConsenSys CEO Joseph Lubin stated that MetaMask is also preparing to launch a native token in the near future.

The rise in mUSD issuance coincided with a general increase in the supply of dollar-pegged stablecoins, which reached $279.8 billion. Tether’s USDT continues to lead, holding $172.3 billion.

On September 21, the market capitalization of the stablecoin sector surpassed $292.8 billion for the first time.

On September 22, it was announced that the blockchain platform Kaia and LINE NEXT, the Web3 division of the South Korean messenger LINE, would collaborate on a project titled Project Unify to launch a «superapp» for stablecoin management.

This new service will consolidate payments, transfers, and fiat gateways within a single interface, allowing users to:

Developers will also introduce an SDK for integrating stablecoins into third-party applications. The platform will support stablecoins tied to the US dollar, Japanese yen, Thai baht, and other Asian currencies.

The beta version of Unify is scheduled to launch by the end of the year.

It is worth noting that analysts at JPMorgan have referred to the issue of the «stablecoin race.» They caution that the anticipated wave of stablecoin launches in the US could escalate into a zero-sum competition.