MetaMask, the cryptocurrency wallet that grew to popularity within the Ethereum blockchain ecosystem, is likely to unveil details of its own custom U.S. dollar-pegged stablecoin shortly, potentially as soon as this week, according to a person familiar with the matter.

The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week. After this week's potential announcement, the new dollar-pegged token will become a live asset at the end of this month, the person said.

MetaMask, which has said it has over 30 million active monthly users, is working to issue its stablecoin with the help of Bridge, a firm that was acquired by fintech giant Stripe earlier this year that helps businesses integrate stab

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