US EditionStablecoin News: MetaMask Confirms mUSD Launch, Backed by M0 and Stripe's Bridge
MetaMask launches mUSD, a U.S. dollar-backed stablecoin integrating fiat on-ramps, swaps, and payments within its DeFi ecosystem, leveraging regulatory clarity from the U.S. GENIUS Act.
- On Aug. 21, MetaMask, the self-custodial crypto wallet developed by Consensys, announced MetaMask USD , its first native stablecoin set to launch later this year.
- Partnering with Bridge and M0, issuance and reserve oversight are managed by Bridge, a Stripe-owned stablecoin issuance platform with 1:1 backed reserves, while M0 provides decentralized infrastructure; timing follows the GENIUS Act's federal stablecoin guidelines.
- The firm plans to embed mUSD within its wallet, debuting on Ethereum and Linea with fiat on-ramps, swaps, bridging, and soon linking to the MetaMask Card for broad merchant spending.
- MetaMask's entry makes it the first self-custodial wallet issuing a native stablecoin, expecting mUSD as default to boost Linea network's TVL and protocol activity, with Luca Prosperi noting, `Applications want to control their dollar infrastructure`.
- Partnerships with Stripe and Mastercard indicate deeper ties between traditional payments and crypto, amid a $3,000,000,000,000 crypto market and $250 billion stablecoin market regulated by the GENIUS Act.
16 Articles
16 Articles
MetaMask Unveils First Native Stablecoin mUSD: Details
The post MetaMask Unveils First Native Stablecoin mUSD: Details appeared on BitcoinEthereumNews.com. Key Notes MetaMask will be launching its native USD-pegged stablecoin called MetaMask USD (mUSD). This makes it the first self-custodial wallet to introduce a native stablecoin. With regulations around stablecoins improving, MetaMask joins entities going all out for the assets. Popular self-custodial wallet MetaMask will be launching its native U…
MetaMask launches new stablecoin, $MUSD
Popular self-custodial wallet, MetaMask has developed a stablecoin, $MUSD pegged to the US dollar. The company announced the new token on Thursday through an official blog post. MetaMask, in the statement disclosed that it collaborated with M0 and Bridge, a company owned by Stripe. The wallet is leveraging the support of the two partners to ensure compliance, transparency, and interoperability for the stablecoin. As per the project team, the to…
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