MetaMask Launches Native Stablecoin $mUSD

MetaMask, the leading self-custodial crypto wallet developed by Consensys, has unveiled its first-ever native stablecoin, MetaMask USD ($mUSD). This marks a significant milestone as it is the first stablecoin launched by a self-custodial wallet. Integrated directly into MetaMask’s ecosystem, $mUSD will enable users to perform seamless on-ramps, swaps, transfers, and bridging across multiple blockchains. The stablecoin is set to launch initially on Ethereum and Linea, Consensys’ fully EVM-equivalent Layer 2 network, where it will play a foundational role in the Linea DeFi ecosystem. 

The stablecoin is issued by Bridge, a Stripe-owned stablecoin orchestration platform, and powered by M0, a decentralized liquidity protocol. MetaMask USD is designed to enhance the experience for MetaMask’s millions of users by offering a dollar-denominated asset that simplifies web3 transactions. Beyond its wallet-native use, $mUSD will also be spendable via the MetaMask Card at millions of Mastercard merchants worldwide by the end of 2025, bridging the gap between cryptocurrencies and real-world payments. This innovation aims to unlock deep liquidity and utility for users, driving growth in total value locked (TVL) and protocol activity across the Linea network. 

“MetaMask USD is a critical step in bringing the world onchain. By integrating natively into MetaMask’s product offering, it will allow us to cut through some of the most stubborn barriers in web3 and reduce both friction and costs for people onboarding directly into a self-custodial wallet. With MetaMask USD, users can bring their money onchain, put it to work, spend it almost anywhere, and use it like money should be used. We’re not just bringing people onchain. We’re building the reason they’ll never want to leave,” said Gal Eldar, Product Lead at MetaMask.

MetaMask USD arrives at a pivotal moment, coinciding with increased regulatory clarity in the United States. The passage of the GENIUS Act, the country’s first federal framework for stablecoin regulation, has laid the groundwork for innovations like $mUSD. This regulatory clarity is expected to bolster adoption among users and institutions, further integrating stablecoins into the broader financial ecosystem. The stablecoin market has already seen significant growth, with nearly $1 trillion in monthly on-chain volume globally, underscoring the demand for accessible and compliant digital dollar solutions.

The launch of $mUSD also reflects broader trends in the stablecoin market. Recently, Coinbase partnered with Mercuryo to slash USDC on-ramp fees for MetaMask users by 50%, aiming to boost stablecoin accessibility. Additionally, TRON’s integration with MetaMask earlier this month expanded native access to TRON assets, enhancing the wallet’s global reach. These moves signal a competitive push among industry players to bridge the gap between traditional finance and decentralized ecosystems, making stablecoins more user-friendly and versatile.

As MetaMask USD rolls out later this year, its impact on the crypto industry is expected to be significant. By combining compliance and transparency through Bridge’s regulatory oversight and M0’s decentralized infrastructure, MetaMask is setting a new standard for wallet-native stablecoins. Users can look forward to more technical details and guides in the coming weeks, with updates available through MetaMask’s blog and social media channels. With $mUSD, MetaMask is not just innovating in the stablecoin space but also redefining how digital dollars can seamlessly integrate into everyday life.