Metamask has become the first major self-custodial wallet to launch its own native stablecoin, called Metamask USD (mUSD), in partnership with Bridge, a Stripe company, and decentralized infrastructure platform M0. Stripe’s Bridge and M0 Partner With Metamask on mUSD Stablecoin The new mUSD stablecoin is designed to be deeply integrated into the Metamask ecosystem. It […]
Source: https://news.bitcoin.com/metamask-enters-stablecoin-arena-with-musd-partners-with-stripes-bridge/
Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more