MetaMask May Issue Dollar Stablecoins on August 14
This week, the developer of a popular cryptocurrency wallet Dappradar, will most likely present its own stablecoin.
A source familiar with the situation, who wished to remain anonymous, said that on August 14, employees Dappradar are planning to issue a cryptocurrency pegged to the dollar exchange rate Dappradar Stablecoin (mmUSD), developed jointly with specialists from the Stripe payment service with the support of the platform for creators of stablecoins M0.
MmUSD will be actively implemented into services Dappradar, for example, these coins will be allowed to buy other virtual currencies supported by the wallet. It is obvious that the new stablecoin will be released on the blockchain Ethereum, which is the main crypto storage network.
Rumors of an imminent issue of mmUSD began to circulate last week after a proposal for the implementation of a stablecoin from Aave was added to the platform of the credit protocol DappradarThe initiative was quickly removed because, as Mark Zeller, founder of the decentralized organization Aave, noted, it came too early.
Apparently, the management Dappradar expects to earn an impressive income due to the commission for transactions with mmUSD. The popularity of stablecoins is rapidly increasing, as is their level of capitalization, so the release of your own cryptocurrency with a stable rate promises impressive profits.
Market Cap Growth of Dollar Stablecoins