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MetaMask will launch its first stablecoin, mUSD, later this year.
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Issued by Stripe-owned Bridge, backed 1:1 by cash and Treasurys.
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Designed to power MetaMask’s DeFi, ramping, and payment services.
Introducing mUSD
MetaMask, the widely used crypto wallet from Consensys, has announced plans for its own stablecoin, MetaMask USD (mUSD). It will launch later this year on Ethereum and Linea.
Strong Backing and Issuance
The token will be issued by Bridge, a Stripe-owned firm, and backed by cash and short-term Treasurys. Minting will be handled by M0’s decentralized infrastructure, ensuring transparency and liquidity.
Deep Integration
Unlike other stablecoins that are later integrated into wallets, mUSD will be native to MetaMask from day one. It will support swaps, bridging, lending, and spending within the app. Users will even be able to spend mUSD through the MetaMask Card at Mastercard merchants.
Market Positioning
The launch comes as stablecoins hit nearly $1 trillion in monthly on-chain volume. With over 100 million users, MetaMask aims to make mUSD the default stablecoin across its ecosystem.
