MetaMask, the self-custodial wallet developed by Consensys, announced Thursday that it will introduce its own dollar-backed stablecoin named MetaMask USD (mUSD).
The token will be issued through Bridge, a stablecoin issuance platform recently acquired by Stripe, and powered by liquidity provider M0. According to the company, mUSD will be natively integrated into the MetaMask wallet, enabling seamless use across Web3 applications. The stablecoin is also built with cross-chain functionality in mind, leveraging M0’s liquidity network.
The first rollout of mUSD is planned for late 2025 on both Ethereum and Linea, Consensys’ layer-2 network that’s fully compatible with the Ethereum Virtual Machine (EVM).
Designed for DeFi and everyday use
MetaMask explained that mUSD will become a central piece of the Linea DeFi ecosystem, backed one-to-one with dollar reserves. Users will be able to access it directly through wallet features such as swaps, on-ramps, and bridging.
In addition, MetaMask is preparing to release a MetaMask Card later this year in partnership with Mastercard, allowing holders to spend mUSD for everyday purchases.
The company said the stablecoin aims to simplify the Web3 experience for users who frequently hold, trade, lend, or spend through MetaMask. “A wallet-native stablecoin lowers friction, reduces costs, and makes onboarding easier,” said Gal Eldar, MetaMask’s product lead. Eldar added that mUSD is intended to let users move funds onchain, access DeFi protocols, and use crypto in daily transactions.
Backed by US regulation
The launch comes at a time of clearer regulatory frameworks in the United States. On July 18, President Donald Trump signed the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) into law. The legislation sets out rules on who can issue stablecoins, how they must be backed, and the level of transparency required.
MetaMask’s move follows a broader trend in the stablecoin market. On the same day, World Liberty Financial—a project backed by Trump—minted 9% of its USD1 stablecoin supply, pushing its reserves and overall supply to record levels.
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