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Ethereum-based wallet provider MetaMask is preparing to unveil its own USD-pegged stablecoin, mUSD, later this week, with an official launch planned before the end of August, the company revealed on August 13.
The stablecoin will maintain a 1:1 peg to the U.S. dollar and will be primarily backed by short-term U.S. Treasuries, similar to leading assets like USDC and USDT.
BREAKING – MetaMask to launch stablecoin $mUSD this month with Stripe & Blackstone pic.twitter.com/vvdQkoEYVV
— Altcoin Daily (@AltcoinDaily) August 13, 2025
Institutional Partnerships to Boost Trust
The development of mUSD involves collaboration with several major financial institutions.
- Bridge, a payments infrastructure provider owned by fintech giant Stripe, will handle payments and on-chain integration.
- M^0, a decentralized stablecoin issuance protocol, will provide the technical foundation.
- Blackstone, one of the world’s largest asset managers, will oversee custody and treasury management, adding institutional-grade credibility to the project.
These alliances are seen as a strategic move to meet tightening regulatory requirements and position mUSD as a next-generation compliant stablecoin.
From Wallet to Full-Scale Financial Platform
MetaMask’s stablecoin strategy aims to generate new revenue streams by investing reserves in short-term government bonds. This reflects a broader industry shift in which crypto-native platforms are evolving from simple on-chain gateways into financial service providers offering yield-bearing products, or platforms such as crypto futures trading.
The company has recently expanded its fiat off-ramp services to 10 blockchain networks, including Arbitrum and Base—an infrastructure that will help drive mUSD adoption.
With over 30 million existing users, MetaMask is now positioned to compete directly with stablecoin giants like USDT and USDC.
Industry analysts see the launch as further evidence of growing institutional involvement in the digital asset space.
