Ethereum News Today: MetaMask to Launch mUSD Stablecoin This Month With Institutional Partners

MetaMask, the widely used Ethereum-based crypto wallet with over 30 million monthly active users, is preparing to launch its own U.S. dollar-pegged stablecoin, mUSD, later this month [1]. The development was initially hinted at through a prematurely posted governance proposal, which was swiftly removed from the internet but confirmed by a source close to the project [3]. If the timeline holds, the stablecoin could go live by the end of the month, marking a significant expansion into financial services for one of the most popular wallets in the Ethereum ecosystem [5].

The project is being developed in collaboration with multiple industry players. Bridge, a payments infrastructure firm recently acquired by Stripe, is assisting with the integration of systems to enable sending and receiving payments via mUSD [3]. M^0, a stablecoin issuance protocol, will be responsible for the token’s minting and management [2]. Meanwhile, Blackstone, a global alternative asset manager, is set to handle custody and treasury services for the stablecoin’s reserves [1]. This arrangement reflects a broader trend of institutional players entering the crypto space, providing both infrastructure and credibility to digital asset projects.

The introduction of mUSD aims to position MetaMask as a major contender in the stablecoin market, competing with established names like Tether’s USDT and Circle’s USDC [2]. The stablecoin will be backed by highly liquid assets such as short-term U.S. Treasury bonds, potentially allowing MetaMask to generate yield from its reserves. This could open a new revenue stream for the company while improving the speed and convenience of transactions for its users [1]. The move also aligns with the evolving regulatory environment for stablecoins in the U.S., under which mUSD is expected to be launched [3].

Beyond expanding MetaMask’s financial offerings, the project is seen as a response to the increasing demand for reliable, dollar-backed digital assets. As wallet providers increasingly explore DeFi and stablecoin services, MetaMask’s entry into the space signals a strategic shift toward broader financial inclusion and user utility [4]. The wallet’s partnerships with Stripe and Blackstone further underscore a growing convergence between traditional finance and the crypto industry, with institutional credibility playing a key role in legitimizing digital asset initiatives [5].

The launch of mUSD represents a milestone for MetaMask, reflecting not only its ambition to enhance user experience but also its potential to reshape the stablecoin landscape. With a large user base and strong institutional backing, the platform is well-positioned to offer a competitive and sustainable stablecoin option that bridges the gap between decentralized technology and mainstream finance [5].

Sources:

[1] The (https://www.cryptotimes.io/2025/08/14/metamask-to-launch-its-own-stablecoin-musd-this-month/)

[2] Anticipated Altcoin Approaching: Announcement Expected ... (https://en.bitcoinsistemi.com/anticipated-altcoin-approaching-announcement-expected-any-moment-now-here-are-the-details/)

[3] MetaMask readies mUSD stablecoin for late August launch (https://cryptobriefing.com/metamask-musd-stablecoin-stripe-blackstone/)

[4] Ethereum Wallet MetaMask Will Likely Unveil Its Own ... (https://www.coindesk.com/business/2025/08/13/ethereum-wallet-metamask-said-to-unveil-its-own-musd-stablecoin-this-week)

[5] MetaMask mUSD stablecoin likely to be unveiled this week (https://coinness.com/en/news/80558)