MetaMask Launches Its Own Stablecoin: A First for Self-Custodial Wallets

Consensys-powered self-custodial wallet MetaMask has introduced its own stablecoin, MetaMask USD (mUSD). This marks a significant development in the cryptocurrency world as it’s the first instance of a self-custody wallet issuing a native stablecoin. This new asset is being launched through Bridge, a stablecoin platform owned by Stripe, and utilizes M0, a decentralized infrastructure designed for stablecoin liquidity.