Key Notes

MetaMask's USD-pegged stablecoin, mUSD, now has a circulating supply of 65 million.

This comes exactly one week after the coin was launched.

mUSD is fully backed 1:1 by “high-quality, highly liquid dollar equivalent assets”. .

The new week started on a high note for MetaMask, as its USD-pegged stablecoin, mUSD, reached a notable milestone. Precisely, the circulating supply of the token climbed to $65 million. This is quite significant for a stablecoin that was launched barely a week ago.

mUSD Circulating Supply Records Over 300% Spike in a Week

As of Sept. 22, mUSD’s circulating supply had topped $65 million, sparking excitement in the broader cryptocurrency community. It is worth noting that this figure for the MetaMask stablecoin was only about $15 million a week earlie

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