MetaMask Stablecoin mUSD to Launch This Month, Sources Say

MetaMask is set to launch its proprietary stablecoin, mUSD, by the end of this month. The stablecoin is issued with the help of Bridge, a stablecoin payment service provider, and M^0, a stablecoin issuance protocol. Blackstone provides custody and asset management services. The launch was previously revealed in a prematurely released governance proposal that was later deleted.

MetaMask, the popular Ethereum wallet, is set to unveil its proprietary stablecoin, mUSD, by the end of this month. The stablecoin, which is pegged to the U.S. dollar, will be issued with the help of Bridge, a stablecoin payment service provider, and M^0, a stablecoin issuance protocol. Blackstone, a traditional finance alternative asset manager, will provide custody and asset management services for the token.

The launch was previously hinted at in a prematurely released governance proposal that was later deleted. According to sources, the stablecoin could become a live asset by the end of August if everything goes as planned. MetaMask, with over 30 million active monthly users, aims to provide its users with a seamless and efficient transaction experience by integrating mUSD into its ecosystem.

The stablecoin market is rapidly growing, with major financial institutions and tech companies exploring stablecoin projects. MetaMask's move into stablecoins aligns with this trend, as it seeks to capture a share of the yields generated by the assets backing the token, often short-term, highly liquid bonds such as U.S. Treasuries.

The partnership with Bridge, acquired by fintech giant Stripe earlier this year, will facilitate the integration of systems for sending and receiving payments using mUSD. Additionally, the collaboration with M^0 will handle the issuance process, ensuring the stablecoin's peg to the U.S. dollar remains stable.

The inclusion of Blackstone for custody and treasury management services underscores MetaMask's commitment to providing a secure and reliable stablecoin. The traditional finance world's involvement could also attract more institutional investors into the cryptocurrency space.

If the launch timeline holds, crypto users could see mUSD in action before the end of August, marking a significant milestone for one of Ethereum's most popular wallets. The stablecoin could create new options for users within the MetaMask ecosystem while also adding another revenue source for the company.

References:

[1] https://www.coindesk.com/business/2025/08/13/ethereum-wallet-metamask-said-to-unveil-its-own-musd-stablecoin-this-week
[2] https://www.cryptotimes.io/2025/08/14/metamask-to-launch-its-own-stablecoin-musd-this-month/
[3] https://decrypt.co/news-explorer?pinned=1129232&title=metamask-set-to-launch-stablecoin-with-stripe-source