TLDR
- MetaMask is set to launch the mUSD stablecoin, eyeing yield and market share boost.
- mUSD launch marks MetaMask’s bold entry into the stablecoin competition.
- MetaMask mUSD to rival Tether and Circle with yield-driven dollar-pegged token.
- Wallet giant MetaMask unveils mUSD, blending crypto and fintech ambitions.
- MetaMask partners for mUSD stablecoin in bid to disrupt dollar-token market.
MetaMask is preparing to enter the stablecoin market with the upcoming launch of its own U.S. dollar-pegged token, mUSD. The product rollout may begin this week, with the full release expected before the end of the month. This move positions MetaMask as a direct competitor to dominant stablecoin issuers already operating in the crypto ecosystem.
MetaMask mUSD Aims to Capture Yield and Market Share
MetaMask plans to issue mUSD to secure a portion of the yield from reserve assets like short-term U.S. Treasuries. Currently, major stablecoin issuers such as Tether and Circle benefit from these returns without redistributing them to platforms that hold user balances. By launching mUSD, MetaMask intends to retain that value and strengthen user engagement.
BREAKING – MetaMask to launch stablecoin $mUSD this month with Stripe & Blackstone pic.twitter.com/vvdQkoEYVV
— Altcoin Daily (@AltcoinDaily) August 13, 2025
The firm’s decision also reflects a growing trend where crypto wallets evolve into full-stack financial platforms. This strategy could create new revenue streams while allowing MetaMask to exert more control over transaction flows and liquidity. With over 30 million active users, MetaMask is in a strong position to introduce a stablecoin that reaches scale quickly.
Partnerships underpin this initiative, ensuring the token is secure, compliant, and integrated within the broader financial system. MetaMask will collaborate with Bridge, a payments enabler acquired by Stripe earlier this year, and stablecoin protocol M^0 for token issuance. Additionally, Blackstone will oversee mUSD’s custody and treasury management functions.
Strategic Collaborations Signal Institutional-Grade Setup
Bridge will facilitate on-chain integration and payments infrastructure for mUSD, leveraging its recent acquisition by Stripe to ensure fiat compatibility. This partnership helps MetaMask bridge the gap between decentralized assets and traditional finance, improving trust and scalability. M^0, a decentralized stablecoin issuance protocol, will provide the technical foundation for minting and maintaining mUSD’s dollar peg.
To ensure institutional-grade financial stewardship, MetaMask will rely on Blackstone for treasury management and asset custody. This move demonstrates MetaMask’s intent to offer transparency and security. Blackstone’s role further aligns mUSD with regulatory expectations and investor confidence.
The collaboration between MetaMask, Bridge and Blackstone indicates the wallet’s evolution into a more influential actor in the digital finance space. With trusted partners supporting issuance, payments, and asset management, MetaMask aims to deliver a compliant and scalable stablecoin. This could make mUSD a credible alternative to existing dollar-backed tokens.
Wallets Entering the Stablecoin Arena
MetaMask joins a growing number of platforms launching native stablecoins to expand functionality and deepen ecosystem control. This trend reflects a strategic shift as wallets move from passive gateways to active financial service providers. Branded stablecoins allow these firms to capitalize on idle balances and create consistent revenue flows.
MetaMask continues to broaden its off-ramp services to support multiple blockchain networks. Users can now convert digital assets to fiat across ten additional networks, including Arbitrum, Base, Optimism, and Polygon. These enhancements improve accessibility, speed, and user experience across supported ecosystems.
The combination of mUSD and expanded off-ramp access demonstrates MetaMask’s goal to deliver a holistic financial experience. With its new stablecoin and infrastructure upgrades, the platform is no longer just a crypto wallet — it’s a financial toolset. This evolution aligns MetaMask with larger fintech ambitions in the global digital asset market.
