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ToggleMetaMask Officially Launches mUSD Stablecoin: A Strategic Move in the Booming Stablecoin Era.
The cryptocurrency wallet MetaMask – a famous product of ConsenSys studio (Ethereum) – has just officially announced MetaMask USD (mUSD), its first native stablecoin, after previous rumors.
According to the latest information, mUSD will be issued by Bridge – a stablecoin platform owned by Stripe and minted through M0's decentralized infrastructure. MetaMask affirms that mUSD will be backed 1:1 by highly liquid USD-equivalent assets such as cash and short-term US Treasury bonds, while providing real-time transparency and cross-chain interoperability through M0's liquidity network.
Ajay Mittal, Vice President of MetaMask Product Strategy, shared:
"MetaMask USD is fully backed by US cash and short-term bonds, which generate yield. This yield allows us to optimize the user experience – from reducing costs to enabling smoother integration."
mUSD – First Native Stablecoin from a Self-Managed Wallet
The highlight of mUSD is that it is the first stablecoin issued directly from a self-managed wallet instead of the opposite. This makes mUSD the "default digital dollar" in the entire MetaMask ecosystem. Users will be able to deposit, store, swap, transfer, and bridge mUSD directly within the wallet.
Mittal emphasized:
"The biggest incentive to hold mUSD is the upgraded DeFi experience – from deposits and withdrawals to swaps and actual spending. In the future, we may add rewards for early users."
By the end of this year, mUSD will be officially launched on Ethereum and ConsenSys's Linea network. MetaMask plans to deploy mUSD in various DeFi sectors such as lending markets, decentralized exchanges (DEX), and custody platforms to increase liquidity and reduce access barriers.
Notably, users can spend mUSD directly through the MetaMask Card at any Mastercard-accepting point – a significant step that helps this stablecoin move beyond DeFi and closer to real-world use.
Differences between MetaMask USD and Other Stablecoins
According to Mittal, most stablecoins are currently issued first and then integrated into wallets. In contrast, MetaMask USD is built "from within the wallet" from the start, making it not just a value storage tool but also the "engine" driving the entire MetaMask experience: from deposits and swaps to bridges and actual spending.
Zach Abrams, CEO of Bridge, revealed that their platform can shorten the stablecoin launch time from over a year to just a few weeks. Meanwhile, Luca Prosperi – CEO of M0 – emphasized that programmability and interoperability are the soul of mUSD.
This announcement comes at a time when the stablecoin market is booming, with monthly on-chain trading volume having exceeded nearly $1 trillion. In parallel, the US has just passed the GENIUS Act – the first federal legal framework for stablecoins used in payments, opening up a clearer legal corridor for this asset type.
In this context, MetaMask wants to position mUSD as the core platform of Ethereum and Linea networks, supporting over 100 million current users and expanding to tens of millions of new users.
