Stablecoin platform M0 and U.S.-licensed issuer Bridge, now part of payments giant Stripe, have announced a partnership to help businesses issue custom digital dollars, beginning with MetaMask's proprietary token mUSD. This collaboration combines Bridge's regulatory and reserve management expertise with M0's blockchain infrastructure designed for application-specific stablecoins.
MetaMask, the self-custodial crypto wallet developed by Consensys, is set to launch its native stablecoin, MetaMask USD (mUSD), making it the first self-custodial wallet to issue such a token. The development was hinted at earlier this month through a prematurely posted governance proposal and is now confirmed. mUSD will be available on Ethereum and Consensys' Layer 2 network Linea at launch, aiming to bolster Linea's DeFi ecosystem by supporting liquidity growth and network expansion.
The stablecoin market, valued at $250 billion, is growing due to increasing use cases in payments, trading, and remittances, accelerated by regulatory clarity from the U.S. GENIUS Act. MetaMask's mUSD will integrate directly into its wallet infrastructure, enabling onramps, swaps, transfers, and cross-chain bridging. By the end of 2025, mUSD is expected to support real-world payments via the MetaMask Card, allowing spending at millions of Mastercard-accepting merchants worldwide.
Zach Abrams, CEO of Bridge, highlighted that the partnership reduces custom stablecoin issuance time from over a year to a matter of weeks, enabling rapid benefits for apps like MetaMask. Luca Prosperi, CEO of M0, emphasized that applications want control over their dollar infrastructure without building it themselves.
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