MetaMask to Launch mUSD Stablecoin and Expand Blockchain Off-Ramp Services
Highlights:
- MetaMask is set to launch the mUSD stablecoin to expand its digital payment reach.
- The new mUSD stablecoin will roll out by the end of August, targeting its active monthly users.
- MetaMask has expanded its fiat off-ramp services to 10 more blockchain networks.
MetaMask is preparing to launch mUSD, a stablecoin pegged to the U.S. dollar, as part of its broader expansion plans. The company is developing the token with Bridge, a payments facilitator acquired earlier this year by Stripe. Stablecoin issuance protocol M^0 is also contributing to the project. MetaMask has appointed Blackstone to handle custody and treasury operations for the stablecoin.
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Insider: MetaMask Stablecoin mUSD Set to Launch by End of Month#Bitcoin $BTC
— Bpay News (@bpaynews) August 14, 2025
The company intends to generate yield from reserves backing mUSD. These reserves will likely include short-term U.S. Treasuries, which produce interest. This will be in line with the approach taken by the larger issuers of stablecoins like Tether and Circle. The publication of a governance proposal revealed information regarding the project. The proposal referred to the token, but the company later took it offline.
The launch of mUSD is likely to boost the expanding network of MetaMask. It will be combined with wallet services and payment tools, strengthening the position of the platform in the market. The action allows MetaMask to compete with other major players in the stablecoin industry, which keeps attracting the interest of cryptocurrency and traditional finance market participants.
MetaMask to Launch mUSD Stablecoin in Late August
mUSD will be officially announced later this week and is likely to be launched by the end of August. MetaMask, whose active monthly users surpass 30 million, will rely on mUSD as a trading pair on some of its services. This move is meant to grow user activity as the company grows its reach in the field of digital payments.
The move into stablecoin issuance by MetaMask follows a flood of similar announcements by other large companies. The rising acceptance of dollar-based tokens by traditional finance firms has boosted interest. For example, banks such as JP Morgan and Bank of America, and brokerages like Robinhood have announced intentions to develop or launch their own stablecoins.
The stablecoin market is currently valued at about $280 billion. As a result, Standard Chartered projects it could reach $750 billion by 2026. The successful initial listing of Circle on the stock exchange has also elevated the chances in the industry. The new release of mUSD will allow MetaMask to leverage the growing market and even create a new source of income via stablecoin reserves.
Expanding Fiat Off-Ramp Services
In addition, MetaMask is expanding its fiat off-ramp services to other blockchain networks alongside the mUSD launch. MetaMask will upgrade its services to facilitate 10 new networks, making it easier to convert digital assets to traditional money. These are Arbitrum, Avalanche C-Chain, Base, BNB Chain, Celo, Fantom, Moonbeam, Moonriver, Optimism, and Polygon.
Initially, the service will support off-ramps to ETH on Ethereum and Optimism, as well as on BNB and Polygon tokens. In the future, MetaMask will support additional assets to make the conversion process more flexible and convenient.
MetaMask has also collaborated with Aave to enable yield generation on decentralized liquidity protocols using the MetaMask mobile application. Users will be able to derive returns based on assets like USDC, USDT, and DAI. Aave manages over $55 billion in net deposits, and this integration gives MetaMask users direct access to decentralized finance opportunities from within the wallet.
By choosing Aave as their DeFi partner, @MetaMask's Stablecoin Earn offers millions of users access to USDC, USDT, and DAI yields.
Stablecoin Earn is available on MetaMask mobile for Ethereum, Linea, Arbitrum, and Base.
It will roll out to 100% of users progressively.
— Aave (@aave) July 28, 2025
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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