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MetaMask is preparing to launch the MetaMask mUSD stablecoin, a new U.S. dollar-pegged asset built directly into its Ethereum wallet. The release is expected before the end of August 2025. This addition will give MetaMask’s more than 30 million monthly users a native, secure, and yield-generating stablecoin option. Background on the MetaMask mUSD Stablecoin. The MetaMask mUSD stablecoin will maintain a 1:1 peg with the U.S. dollar and will be backed by short-term U.S. Treasury bonds. This setup is designed to ensure price stability while generating yield from the reserve assets. The combination of security and income potential makes mUSD a strategic step for MetaMask as it grows beyond its role as a simple crypto wallet. The project gained attention when a governance proposal briefly appeared online before being taken down. Reports indicate that the official announcement could happen this week, with the token going live by month’s end.
Key Partners and Their Roles
MetaMask is collaborating with high-profile partners to deliver the mUSD stablecoin. Bridge, a payments infrastructure provider acquired by Stripe, will handle fiat integration and payment processing. M^0, a decentralized stablecoin issuance protocol, will oversee the minting and redemption process. Blackstone, a global investment firm, will manage custody and treasury operations for the reserve assets. These partnerships combine blockchain innovation with institutional-grade financial management, giving mUSD a solid operational foundation.
Regulatory Context
The launch follows the passage of the GENIUS Act in the United States, which establishes clear national rules for stablecoins. This law requires full backing by high-quality liquid assets, public reserve attestations, and strict compliance with anti-money laundering and know-your-customer regulations. Such clarity allows MetaMask to roll out the mUSD stablecoin with greater confidence, targeting both retail and institutional adoption. The global stablecoin market is currently valued at about $280 billion and continues to grow. By integrating the MetaMask mUSD stablecoin into its wallet, the company can leverage its vast user base for immediate adoption. Users will be able to swap, send, and lend using mUSD without leaving the MetaMask ecosystem. Analysts believe that this advantage, combined with yield from reserves, positions mUSD to compete with established players like USDT and USDC.
Outlook
The MetaMask mUSD stablecoin launch is more than a product update, it marks a shift in MetaMask’s role from a crypto wallet to a full Web3 financial services platform. Its success will depend on transparent reserve reporting, smooth integration, and user trust. Given the partners involved and the favorable regulatory environment, mUSD could become one of the most significant crypto launches of 2025.
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