Two new Metal DAO governance proposals are live to evaluate MGUSD, FIDD, and SOFID as potential future additions to the Metal Dollar basket.
This is the direction Metal Dollar was built for. The stablecoin market is no longer only about crypto-native issuers.
@MoneyGram,
@Fidelity,
@SoFi, and other major financial institutions are moving toward onchain dollars, each with their own distribution, customers, and use cases.
That creates a huge opportunity, but also a real liquidity problem.
If every new issuer launches its own isolated digital dollar, the market becomes fragmented. Liquidity gets split across dozens of assets, chains, venues, and ecosystems.
Metal Dollar can be different.
$XMD is designed to be a shared basket for regulated digital dollars. As more high-quality stablecoins come to market, Metal Dollar can help connect them into a single liquidity layer for payments, DeFi, settlement, and real-world financial use cases.
There is nothing else quite like this.
These proposals do not mean MGUSD, FIDD, or SOFID are automatically approved or integrated. They are governance signals to begin evaluation, review technical and compliance requirements, and decide whether these assets are a fit for the XMD basket.
Metal Dollar is not affiliated with MoneyGram, Fidelity, or SoFi.
MTL holders have a direct role in shaping what the Metal Dollar basket becomes. If you want XMD to grow into one of the most important stablecoin liquidity layers in crypto, voting matters.
MGUSD proposal:
gov.xprnetwork.org/communiti…
FIDD + SOFID proposal:
gov.xprnetwork.org/communiti…
For more information visit
metaldollar.com