Privacy Pools, an on-chain privacy solution supported by Ethereum co-founder Vitalik Buterin, has announced the integration of Sky’s USDS stablecoin. This marks the first step in their expansion into multi-asset privacy pools, enhancing their offerings in the decentralized finance space.

MetaMask is set to introduce the mUSD stablecoin, designed to enhance user experience on Ethereum and its Linea network. This innovative stablecoin will be natively integrated into the MetaMask wallet, aiming to facilitate various functions such as ramping, swapping, and spending. Details regarding the launch date and issuance size are yet to be confirmed.

Ethereum's stablecoin transactions have surged to a record $908 billion, driven by interest from institutions, tech giants, and notable figures such as Donald Trump. This growth has enhanced Ethereum's status as the leading blockchain for dollar-denominated digital assets, fostering increased competition among companies looking to issue or adopt stablecoins.

Dankrad Feist, a prominent Ethereum developer known for his contributions like Danksharding, is leaving the Ethereum Foundation to join Tempo, a stablecoin-focused Layer 1 incubated by Stripe and Paradigm. Despite his departure being seen as a loss for the Ethereum community, Feist emphasized that Tempo shares similar ideals with Ethereum and aims to enhance payment capabilities in the crypto space.