MetaMask, one of the most widely used cryptocurrency wallets, has officially launched a new stablecoin called mUSD in a strategic partnership with stablecoin issuer Bridge. The new token is designed to facilitate seamless transactions within the Ethereum ecosystem while offering price stability, a critical need in the volatile cryptocurrency market [1].

According to the announcement, mUSD is a dollar-pegged stablecoin, backed by a diversified basket of assets that includes cash, cash equivalents, and U.S. Treasury securities. This structure aims to provide users with a reliable store of value and a stable medium of exchange across decentralized applications (dApps) and platforms that integrate with MetaMask [1]. The stablecoin is built on the Ethereum blockchain and is fully compatible with the Ethereum Virtual Machine (EVM), enabling broad adoption across existing infrastructure.

The launch of mUSD marks a significant expansion of MetaMask’s financial services capabilities. Previously, MetaMask positioned itself primarily as a non-custodial wallet, but with the introduction of its own stablecoin, the platform is now exploring deeper engagement in the broader decentralized finance (DeFi) ecosystem. The stablecoin will be integrated into MetaMask’s native tools, allowing users to transact, stake, and manage their funds with minimal friction [1].

Bridge, the partner behind the issuance of mUSD, has a proven track record in the stablecoin space, having launched its first stablecoin, USDt, in 2021. The company has since expanded its offerings with multiple fiat-pegged tokens, including the popular USDC. Bridge emphasized that the collaboration with MetaMask is part of its broader strategy to expand into new market segments and provide more accessible, transparent, and user-friendly financial tools [1].

Industry analysts view the launch as a response to the growing demand for stablecoins that offer transparency and regulatory clarity. The mUSD initiative also aligns with broader trends in the DeFi sector, where there is an increasing emphasis on building financial infrastructure that is both user-friendly and compliant with evolving regulatory frameworks. While the token is currently only available to MetaMask users, the company has indicated that it may expand its availability to other platforms in the future [1].

Source: [1] MetaMask Announces Launch of mUSD Stablecoin in Partnership with Bridge (https://www.bridge.fi/blog/metamask-announces-launch-of-musd-stablecoin)