Crypto Wallet Provider MetaMask to Offer Stablecoin With Bridge

Leading 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 ...