A new model for stablecoins: wallet-native, self-custodial, and built for utility
MetaMask USD will be usable in two key ways:
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In wallet at launch: for seamless onramps, swaps, transfers, and bridging across chains
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In real life, expected by the end of the year: via the MetaMask Card, at millions of merchants worldwide that accept Mastercard
“MetaMask USD is a critical step in bringing the world onchain. By integrating natively into MetaMask’s product offering, it will allow us to cut through some of the most stubborn barriers in web3 and reduce both friction and costs for people onboarding directly into a self-custodial wallet. With MetaMask USD, users can bring their money onchain, put it to work, spend it almost anywhere, and use it like money should be used. We’re not just bringing people onchain. We’re building the reason they’ll never want to leave,” said Gal Eldar, Product Lead at MetaMask.
Built with Bridge and M0 to combine compliance, transparency, and interoperability
Bridge, a Stripe company, is a stablecoin orchestration and issuance platform that offers compliant licensing, monitoring and rigorous reserve management for custom-issued coins. Under the hood, Bridge utilizes the M0 protocol to mint $mUSD which provides a decentralized and extensible stablecoin infrastructure platform purpose-built for interoperability, composability, and transparency, in line with MetaMask’s core values. Together, they enable $mUSD to be fully backed 1:1 by high-quality, highly-liquid dollar equivalent assets, with real-time transparency and cross-chain composability.
“We want to empower the builders of great crypto products to truly control the digital dollar stack they utilize in order to deliver the best end user experience,” said Luca Prosperi, Co-founder and CEO of M0. “The current incarnation of stablecoin technology isn’t fit for that purpose. Products such as MetaMask benefit from being able to customize the stablecoin technology, from having choice over their issuance options, and from optimizing for interoperability and liquidity. The M0-Bridge integration offers builders the best stablecoin stack and the most robust issuance capabilities.”
“Issuing a custom stablecoin used to take more than a year of complex integrations,” said Zach Abrams, co-founder and CEO of Bridge. “With our issuance technology, we’ve reduced that timeline to a matter of weeks, which means platforms like MetaMask can realize benefits more rapidly and efficiently than ever before.”
MetaMask USD launches at a time of increased regulatory clarity, following the passage of the U.S. GENIUS Act, which introduces the first federal framework for regulating payment stablecoins.
