On September 15, 2025, Web3 payments infrastructure firm Transak announced an exclusive partnership to power stablecoin onramping through MetaMask's Deposit button, with upcoming support for the wallet's native stablecoin metamask usd (mUSD). The integration marks a shift from third-party redirects to a fully embedded deposit experience, aiming to reduce friction for users in the U.S. and European Union.
Transak Becomes Exclusive Onramp for MetaMask's Deposit Flow
According to the announcement shared with Bitcoin.com News, MetaMask users can now purchase stablecoins at near 1:1 exchange rates directly within the wallet using bank transfers or credit/debit cards. Supported payment methods include SEPA, wire transfers, 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 for even smoother settlements.
Support for mUSD, USDC, and USDT at 1:1 Rates
The initial rollout supports purchases of Circle's USDC and Tether's USDT, with mUSD — the wallet's native dollar stablecoin — to follow once fully enabled. mUSD is issued by Bridge, a Stripe company, and operates on-chain using M0's infrastructure. The companies describe mUSD as MetaMask's native dollar asset designed for seamless in-app usage. Transak emphasized that its white-label integration offers “transparent, 1:1 stablecoin purchases” without hidden fees, though specific fee schedules were not disclosed.
Embedded Experience and Future Roadmap
MetaMask parent company Consensys stated that embedding the deposit flow directly into the wallet environment reduces the number of steps users must take compared to the previous third-party redirect model. Both firms framed the effort as focused on stablecoin access rather than broad crypto asset purchases. Transak noted its model relies on direct relationships with banks and stablecoin issuers, along with optimized payment routing to maintain near-parity rates. The companies did not disclose fee structures, regional exclusions beyond the U.S. and EU, or exact timelines for named IBAN availability.
Company Background and Industry Impact
Transak operates globally with offices in Miami, London, Bengaluru, Dubai, and Hong Kong. The announcement follows recent funding rounds by Transak to scale its stablecoin infrastructure. Consensys, the developer behind MetaMask, also manages Ethereum ecosystem tools such as Linea and Infura. The integration is seen as a significant step toward mainstream adoption of self-custodial wallets for everyday stablecoin transactions, potentially reducing reliance on centralized exchanges for on/off ramps. By offering direct 1:1 stablecoin purchases within MetaMask, the partnership aims to lower barriers for users seeking to enter DeFi, send remittances, or simply hold dollar-pegged assets without leaving the wallet interface. Industry observers note that Transak's exclusive position as the default provider could set a precedent for how wallet providers integrate fiat-to-crypto services, especially as stablecoin usage continues to grow across Ethereum's Layer 2 networks and other chains supported by MetaMask. The move also highlights the increasing importance of embedded finance in Web3, where users expect seamless, app-like experiences without navigating external portals. As of the announcement, MetaMask boasts over 30 million monthly active users, making the integration one of the largest onboarding channels for stablecoin liquidity in the crypto ecosystem.