MetaMask, the largest self custody crypto wallet, has unveiled plans to launch its own stablecoin MetaMask USD ($mUSD) later this year. The digital currency will be integrated across MetaMask’s ecosystem, spanning decentralized applications and DeFi protocols.
The stablecoin will be issued via Bridge, a Stripe subsidiary focused on stablecoin infrastructure, which involves a partnership with M0, a decentralized stablecoin protocol. MetaMask USD will initially launch on the Ethereum and Linea blockchain networks, with plans to expand across additional chains. Linea is the blockchain launched by MetaMask’s owner, Consensys.
Users will be able to use the stablecoin for on-ramps, swaps, and cross-chain bridging within the MetaMask wallet. Additionally, the company plans to enable spending through its Mastercard branded MetaMask Card.
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