Crypto wallet platform MetaMask says it is planning to launch its own stablecoin, mUSD on the Ethereum and Linea Networks later this year. The stablecoin will be built in collaboration with M0 and Bridge, and will be fully backed 1:1 with high-quality, highly liquid dollar equivalent assets.
“MetaMask USD is a critical step in bringing the world on-chain,” said Gal Eldar, Product Lead at MetaMask. “By integrating natively into MetaMask’s product offering, it will allow us to cut through some of the most stubborn barriers in web3 and reduce both friction and costs for people onboarding directly into a self-custodial wallet. With MetaMask USD, users can bring their money on-chain, put it to work, spend it almost anywhere, and use it like money should be used. We’re not just bringing people on-chain. We’re building the reason they’ll never want to leave.”
MetaMask Joins Stablecoin Party
Dollar stablecoins are designed to track the value of US dollars one-for-one. The assets have been the talk of the town in the United States over the last year. Since US President Donald Trump’s inauguration, more states have also pursued launching crypto projects in the form of stablecoins or crypto reserves. Now that several pieces of pro-crypto legislation have been passed, the crypto industry, especially stablecoins, is projected to continue its rise in the spotlight. For MetaMask USD specifically, it launches at a time of increased regulatory clarity, following the passage of the U.S. GENIUS Act, which introduces the first federal framework for regulating payment stablecoins.
“We want to empower the builders of great crypto products to truly control the digital dollar stack they utilize in order to deliver the best end-user experience,” said Luca Prosperi, Co-founder and CEO of M0. “The current incarnation of stablecoin technology isn’t fit for that purpose. Products such as MetaMask benefit from being able to customize the stablecoin technology, from having a choice over their issuance options, and from optimizing for interoperability and liquidity. The M0-Bridge integration offers builders the best stablecoin stack and the most robust issuance capabilities.”
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“Issuing a custom stablecoin used to take more than a year of complex integrations,” said Zach Abrams, co-founder and CEO of Bridge. “With our issuance technology, we’ve reduced that timeline to a matter of weeks, which means platforms like MetaMask can realize benefits more rapidly and efficiently than ever before.”