# MetaMask Stablecoin Goes Live

*Author: Bankless*
*Published: Sep 15, 2025*
*Source: https://www.bankless.com/read/metamask-stablecoin-goes-live*

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MetaMask’s new stablecoin, mUSD, officially went live on Monday, marking the first time a self-custodial crypto wallet has issued its own dollar-pegged token. The launch underscores a broader trend of crypto-native and traditional players entering the stablecoin market following increased U.S. regulatory clarity.

### **What’s the Scoop?**
- **Issued by Bridge, Minted by M0:** mUSD is issued by Bridge, a stablecoin issuance platform owned by Stripe, and minted using M0’s decentralized infrastructure. 
- **MetaMask’s First Stablecoin:** This marks the first stablecoin launched directly by a self-custodial wallet. MetaMask intends for mUSD to become the primary stable unit of account across its products.
- **Rising Stablecoin Competition:** mUSD’s debut follows Tether’s announcement of a U.S.-compliant stablecoin (USAT) and stablecoin launches from Hyperliquid and traditional banks.
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*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/metamask-stablecoin-goes-live)*