MetaMask Reportedly Preparing to Launch U.S. Dollar-Pegged Stablecoin
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MetaMask, one of the most widely used cryptocurrency wallets, is preparing to introduce its own U.S. dollar-backed stablecoin, according to a source with knowledge of the matter.
The launch could be announced within days, with the token – expected to be called mUSD – going live by the end of the month.
Hints of the project surfaced last week when a governance proposal briefly appeared online before being deleted, fueling speculation about the wallet provider’s stablecoin ambitions.
MetaMask, which boasts over 30 million monthly active users, is reportedly working on mUSD in collaboration with Bridge, a firm acquired earlier this year by fintech leader Stripe to expand stablecoin payment infrastructure, and with the stablecoin issuance protocol M^0.
In addition, MetaMask has tapped Blackstone, one of the world’s largest alternative asset managers, to handle custody and oversee treasury operations for the new token.
The introduction of mUSD would mark MetaMask’s first direct step into stablecoin issuance — potentially positioning it as a major player in decentralized payments and bridging the gap between blockchain finance and traditional financial infrastructure.
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