MetaMask Unveils mUSD Stablecoin on Ethereum and Linea
The stablecoin will be issued by Stripe-owned Bridge and powered by M0’s decentralized infrastructure on Ethereum and Consensys’ Linea network.
Stablecoin News
MetaMask has officially announced its native stablecoin mUSD, becoming the first self-custodial wallet to launch its own digital dollar. The stablecoin will be issued by Stripe-owned Bridge and powered by M0’s decentralized infrastructure on Ethereum and Consensys’ Linea network.
Fully backed 1:1 by U.S. cash and short-duration Treasuries, mUSD will generate a yield that MetaMask plans to use for improving user experience across its ecosystem. The wallet aims to integrate mUSD into Linea’s DeFi stack, from lending markets to decentralized exchanges.
At launch later this year, users will be able to on-ramp, swap, transfer, and bridge mUSD within MetaMask. The firm also plans to enable spending via the MetaMask Card at Mastercard-accepting merchants by year-end, targeting its over 100 million users.
The announcement comes as stablecoins crossed nearly $1 trillion in monthly on-chain volume and after the passage of the U.S. GENIUS Act providing federal stablecoin regulation. MetaMask positions mUSD to play a foundational role in reducing onboarding friction across Ethereum and Linea networks.
