According to sources from Odaily Planet Daily, MetaMask may announce the launch of its stablecoin mUSD this week and release more details. People familiar with the matter said that mUSD is already in preparation and will become an official asset by the end of this month.

It is reported that MetaMask will not only work closely with Bridge, a subsidiary of Stripe, but also seek the help of Blackstone Group, a traditional financial alternative asset management company, to assist in providing custody and fund management services for the token.