MetaMask Launches mUSD Stablecoin in Partnership With Stripe’s Bridge
Crypto wallet MetaMask has launched its own dollar-pegged stablecoin, mUSD, becoming the first self-custodial wallet to issue a native digital dollar unit.
The stablecoin, which went live Monday, is being issued by Bridge, a Stripe-owned stablecoin platform, and minted through decentralized infrastructure developed by M0. MetaMask said mUSD will be fully backed 1:1 by “high-quality, highly liquid dollar-equivalent assets,” with real-time transparency and cross-chain interoperability through M0’s liquidity network.
As of Monday, mUSD’s circulating supply stood at about $18 million, according to the project’s website.
MetaMask said the stablecoin is aimed at ecosystem and will later connect to a planned MetaMask Card, developed with Mastercard, enabling cardholders to spend mUSD in everyday transactions.
The move follows MetaMask’s broader push into payments. In April, the company card, also in partnership with Mastercard.
The launch comes as competition heats up in the stablecoin sector. Earlier this month, Tether unveiled plans for a U.S.-compliant token dubbed USAT, while its own native stablecoin. Traditional banks have also begun exploring tokenized dollars, buoyed by regulatory clarity in the United States.
MetaMask, incubated by ETH developer Consensys, said the move positions mUSD as the “default digital dollar unit” across its ecosystem. Users will be able to on-ramp, hold, swap, transfer, and bridge the stablecoin directly inside the wallet, with plans to enable payments via the MetaMask Card at Mastercard-accepting merchants by year-end.
MetaMask, which was originally built as the go-to wallet for ETH, has gradually evolved into a multi-chain hub as . Until recently, users needed third-party tools or custom RPC setups to access . , BNB Smart Chain, and now
MetaMask has steadily broadened its offerings. In May, it enabled support for Solana SPL tokens, while also working with BNB Smart Chain and Sei, alongside .
The addition of pursues greater visibility in global markets. In June, toy maker SRM Entertainment announced plans to rebrand as Tron Inc. and adopt TRX as part of its treasury, with Tron acting as adviser.
This integration could also serve as a test case for how MetaMask approaches other high-volume but controversial networks. Tron, despite its growth, has faced regulatory scrutiny in the U.S., with founder Justin Sun previously charged by the violations.
