Metamask Taps Transak to Power Stablecoin Deposits, Adds mUSD Support

CN
3 hours ago

Transak said Metamask users in the U.S. and European Union can buy stablecoins at near 1:1 rates without leaving the wallet via bank transfers or cards. Support for metamask usd (mUSD) will roll out alongside purchases of Circle’s USDC and Tether’s USDT through its white-label integration.

The integration places Transak as the default provider behind Metamask’s Deposit flow. Payment methods include SEPA, wire, ACH, Visa, Mastercard, Apple Pay, and Google Pay. Transak also plans to introduce named IBANs (virtual bank accounts) later this year, enabling transfers tied to unique identifiers.

Metamask usd (mUSD) is issued by Bridge, a Stripe company, and operates on chain using M0’s infrastructure, according to the announcement. The stablecoin is described as the wallet’s native dollar asset and will be purchasable within the app once support is fully enabled.

Metamask is shifting from third-party redirects to an embedded deposit experience, the companies said. The approach is intended to reduce steps in the deposit process and keep users within the app environment. Both firms frame the effort as focused on stablecoin access rather than broader crypto asset purchases.

Transak says its model emphasizes direct relationships with banks and stablecoin issuers and optimized payment routing. The company describes the onramp as offering “transparent, 1:1 stablecoin purchases” within Metamask. The firms did not disclose fee schedules, regional exclusions beyond the U.S. and EU, or timelines for named IBAN availability.

Transak operates globally with offices in Miami, London, Bengaluru, Dubai, and Hong Kong. The announcement follows recent funding by Transak to scale its stablecoin infrastructure, according to the document. Consensys, Metamask’s parent company, develops wallet and network tools across Ethereum, including Linea and Infura, the announcement shared with our newsdesk noted.

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