Stripe’s Bridge Partners with M0 to Launch MetaMask’s mUSD Stablecoin
Stablecoin platform M0 and issuer Bridge, now part of Stripe, are collaborating to enable businesses to launch custom digital dollars, starting with MetaMask's mUSD token.
The key points of the partnership include:
- Combination of Bridge’s regulatory expertise with M0’s blockchain infrastructure for application-specific stablecoins.
- Stablecoins, pegged to assets like the U.S. dollar, represent a $250 billion market, facilitating faster international payments.
- Regulatory clarity has increased interest in application-specific stablecoins, allowing payment apps and wallets to create branded tokens while outsourcing compliance and reserves.
- Previous examples include Paxos issuing PayPal's PYUSD token and BitGo supporting Trump-affiliated USD1.
- MetaMask can now offer a digital dollar without managing issuance complexities.
- Bridge CEO Zach Abrams stated development time for custom stablecoins has been reduced to weeks instead of over a year.
- M0 and Bridge aim to replicate this model with other issuers.
- M0 founder Luca Prosperi emphasized that applications can control their dollar infrastructure without needing to build it themselves.