MetaMask, the widely used self-custodial crypto wallet developed by Consensys, has launched its own stablecoin, MetaMask USD ($mUSD). The rollout marks the first time in crypto history that a self-custodial wallet has issued a stablecoin, giving users the ability to hold, send, and spend digital dollars while maintaining full control of their funds.
According to MetaMask’s official announcement, shared on X, the new stablecoin will be issued by Bridge, a compliance and issuance platform owned by Stripe, and minted via M0, a decentralized infrastructure built for cross-chain interoperability and liquidity.
💵 Stability & Transparency
MetaMask USD will be fully backed 1:1 by U.S. cash and short-term Treasuries, ensuring both stability and transparency. It will integrate directly into the wallet, allowing users to on-ramp, swap, transfer, and bridge mUSD within the app.
🌐 Integration & Expansion
At launch, mUSD will be live on Ethereum and Linea, Consensys’ Layer 2 network. Over time, it expects mUSD adoption across lending markets, decentralized exchanges, and custodial services, boosting liquidity and usage within the ecosystem.
🛒 Real-World Spending
By the end of 2025, its users will be able to spend mUSD directly through the MetaMask Card, enabling payments at millions of Mastercard merchants worldwide.
With more than 100 million global users, it aims to make mUSD a cornerstone of Ethereum and Linea’s liquidity, bridging the gap between decentralized finance and everyday payments.
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