Crypto wallet service MetaMask introduces a Web3 debit card, enabling users to make immediate purchases using their digital currency holdings directly.
The MetaMask Card, a groundbreaking blockchain-based debit card developed in collaboration with Mastercard and Bridge (a Stripe company), is currently in a pilot phase launched in Q2 2025 in the EU and UK. This innovative card, designed to enable users to spend the new MetaMask USD (mUSD) stablecoin at millions of Mastercard merchants worldwide, has shown strong user interest and is planned for a global rollout by the end of 2025 [1][2][3].
Key aspects of the MetaMask Card and its associated stablecoin include:
- MetaMask USD (mUSD) is MetaMask’s native stablecoin, the first launched by a self-custodial wallet. Issued via Bridge, with blockchain infrastructure by M0, mUSD is fully backed by 1:1 reserves and designed for regulatory compliance, particularly aligned with the 2025 U.S. GENIUS Act stablecoin framework [2][5].
- The MetaMask Card allows the seamless use of mUSD for everyday payments, bridging DeFi and real-world spending. It is integrated deeply into MetaMask’s wallet ecosystem for on-ramps, swaps, and bridging, creating a flywheel effect that encourages widespread use of stablecoins for daily transactions [1][2][3].
- MetaMask also integrates with DeFi protocols such as Aave, enabling users to earn interest on stablecoins directly from their wallets. The card facilitates spending yield-bearing stablecoins (like aUSDC) earned via these DeFi integrations while continuing to accrue interest up to the time of spending [4].
- The card's planned expansion beyond early markets (EU and UK) by the end of 2025 aims to catalyse mass adoption of stablecoins for payments globally, leveraging MetaMask’s large user base of over 30 million active monthly users [1].
The collaboration between Mastercard and MetaMask brings together two of the biggest companies in their respective industries. Simon Jones, chief commercial officer at Baanx, commented that this partnership could have huge implications in countries with large numbers of unbanked or underbanked individuals, as anybody who has access to a mobile phone should be able to get access to a basic range of financial services by default [6].
Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard, stated that they saw a significant opportunity to make purchases for self-custody wallet users easier, more secure, and interoperable [7]. The MetaMask wallet is connected to nearly every Web3 app, according to a statement on its website, making it one of the most used crypto wallets [8].
The initial pilot will be limited to a few thousand users in the UK and the EU, with a broader rollout planned for later this year. The card aligns with MetaMask's aim to democratize access to the decentralized web and transform the internet and world economy to one that empowers individuals, a mission that resonates with Baanx's objectives and Mastercard's mission to embrace the new paradigm shift in global financial services [1][2][3][4][5][6][7].
References:
[1] MetaMask. (2025). MetaMask Card Pilot. Retrieved from https://metamask.io/blog/metamask-card-pilot
[2] MetaMask. (2025). MetaMask USD (mUSD). Retrieved from https://metamask.io/mUSD
[3] Mastercard Newsroom. (2025). Mastercard and MetaMask Launch MetaMask Card Pilot. Retrieved from https://newsroom.mastercard.com/mastercard-and-metamask-launch-metamask-card-pilot/
[4] MetaMask. (2025). Earn Interest on Your Stablecoins. Retrieved from https://metamask.io/earn
[5] U.S. Congress. (2023). The GENIUS Act. Retrieved from https://www.congress.gov/bill/117th-congress/house-bill/5356
[6] Baanx. (2025). Baanx and MetaMask Collaboration. Retrieved from https://www.baanx.com/blog/baanx-and-metamask-collaboration
[7] Mastercard Newsroom. (2023). Mastercard Embraces New Paradigm Shift in Global Financial Services. Retrieved from https://newsroom.mastercard.com/mastercard-embraces-new-paradigm-shift-in-global-financial-services/
[8] MetaMask. (2023). About MetaMask. Retrieved from https://metamask.io/about
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