Crypto Wallet Provider MetaMask to Offer a Stablecoin With Stripe’s Bridge
The plan is for mUSD to integrate into MetaMask’s wallet for users to hold, spend and transact across the web3 ecosystem including lending markets, decentralized exchanges and custodial platforms.
Photographer: Gabby Jones/BloombergLeading crypto wallet provider MetaMask is launching its own stablecoin in partnership with payment giant Stripe Inc.’s stablecoin arm, Bridge, and decentralized stablecoin platform M0.
MetaMask is a self-custodial crypto wallet developed by Consensys, a software company focused on building products tailored to the Ethereum blockchain. MetaMask counts more than 100 million users annually and is connected to tens of thousands of decentralized applications, platforms that run on blockchains. The wallet’s stablecoin is called MetaMask USD (mUSD) and will be issued by Stripe’s Bridge, a stablecoin issuance and orchestration platform. Bridge will use M0’s onchain infrastructure to mint and transport the token.