Metmask, the popular crypto wallet made by Consensys, announced the official launch of its own stablecoin called MetaMask USD ($mUSD) today.Â
This launch is the first in crypto history when a self-custodial wallet has created its stablecoin. That means users can now hold, send, and spend digital dollars without giving up control of their funds.
According to the official announcement, MetaMask USD is issued by Bridge, a Stripe-owned platform that manages compliance and issuance. Additionally, the stablecoin is minted via M0, a decentralized infrastructure that enables cross-chain interoperability and liquidity.Â
MetaMask USD will be fully backed 1:1 by U.S. cash and short-term Treasuries, ensuring stability and transparency. The stablecoin will be deeply integrated into the MetaMask wallet, allowing users to on-ramp, swap, transfer, and bridge mUSD directly within the app.
Blockchain Integration and Real-World Use
At launch, mUSD will be available on Ethereum and Linea, Consensys’ Layer 2 network. As the network expands, $mUSD will be used in key platforms like lending markets, decentralized exchanges, and custodial services. By making it easy to add liquidity and convert fiat money, $mUSD will help increase total value locked (TVL) and overall activity on Linea.
By the end of the year, users will be able to spend mUSD with the MetaMask Card at millions of Mastercard merchants worldwide. It will bridge the gap between crypto and everyday life.
With clearer rules and wider use, MetaMask aims for mUSD to become a key part of Ethereum and Linea, boosting liquidity, improving protocols, and making it easier for its 100+ million users to get started.
Also Read: Tron Joins MetaMask With Native Integration
