Crypto self-custody wallet MetaMask stated on Thursday that it plans to launch MetaMask USD (mUSD), a stablecoin built for decentralized apps (dapps) and decentralized finance (DeFi) platforms in its ecosystem.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain steady at press time on Thursday, following minor turbulence after the release of the Federal Open Market Committee (FOMC) meeting minutes on Wednesday. The meetings set the tone for the US Jackson Hole economic policy symposium, which starts on Thursday, focusing on transitions in the labor market.
Bitcoin has now corrected for six consecutive days, only pausing briefly on August 20 with a small bounce. After a clean 5-wave rally to new highs, the structure is increasingly pointing to an ABC correction: a typical Elliott Wave pattern that often follows impulsive moves.