MetaMask Introduces mUSD, a Wallet-Native Stablecoin

MetaMask is expanding beyond its role as a crypto wallet by launching MetaMask USD (mUSD), its own stablecoin set to roll out later in 2025. The token will first go live on Ethereum and Linea, Consensys’s layer-2 network built for faster, cheaper transactions. This move makes MetaMask one of the first major self-custody wallets to introduce a native stablecoin.

mUSD will be issued through Bridge, a stablecoin platform recently acquired by Stripe, and supported by the M0 protocol, which handles decentralized liquidity. Each token will be fully collateralized on a 1:1 basis with safe, dollar-backed assets like cash and short-term U.S. Treasuries, aiming to provide both stability and transparency.

The coin is designed to integrate seamlessly into the MetaMask experience. Users will be able to swap, transfer, bridge, and on-ramp directly with mUSD inside the wallet. Beyond DeFi, MetaMask also plans to extend its use into daily spending through the MetaMask Card, a Mastercard-powered debit card that will let holders pay with mUSD at merchants worldwide before the end of 2025.

MetaMask’s team views this as more than just another stablecoin launch. Product Lead Gal Eldar explained that mUSD is part of MetaMask’s broader goal to “bring money on-chain” while cutting down on costs and complexity for users entering Web3. Ajay Mittal, VP of Product Strategy, added that revenue from mUSD’s reserve assets could help offset fees, improving the overall experience.

The launch also comes at a favorable time. The recent passage of the GENIUS Act in the U.S. has given stablecoin issuers clearer rules around reserves and transparency, offering a regulatory foundation for growth.

With mUSD, MetaMask is positioning itself as more than a wallet—it’s becoming a financial hub that connects decentralized finance with everyday payments.