MetaMask rolls out wallet-native mUSD dollar stablecoin

MetaMask, the self-custodial crypto wallet owned by Consensys, said Thursday it volition motorboat a dollar-backed stablecoin called MetaMask USD (mUSD).

MetaMask said connected Thursday that the stablecoin volition beryllium issued by Bridge, an issuance and orchestration level for stablecoins, which was acquired by the payments level Stripe, and beryllium powered by the liquidity level M0. 

MUSD volition beryllium integrated into the MetaMask wallet, allowing users to usage the stablecoin crossed Web3 applications. MetaMask said the stablecoin is designed for crosschain usage done M0’s liquidity network.

The stablecoin volition debut aboriginal successful 2025 connected the Ethereum blockchain and the Linea network, an Ethereum Virtual Machine (EVM) equivalent layer-2 bootstrapped by Consensys. 

Source: MetaMask

MetaMask introduces the wallet-native stablecoin

The institution said the stablecoin is positioned to play a large relation successful Linea’s decentralized concern (DeFi) ecosystem. 

MetaMask said the token volition beryllium backed 1-to-1 with dollar-equivalent reserves and integrated into wallet features including swaps, on-ramps and bridging. The institution besides plans to motorboat a MetaMask Card aboriginal this twelvemonth successful concern with Mastercard, enabling users to walk mUSD successful mundane transactions.

MetaMask said that a wallet-native, self-custodial stablecoin volition heighten the acquisition of users who regularly on-ramp, hold, trade, lend and walk worth utilizing MetaMask. The institution said this “simplifies the Web3 and self-custodial journey.”

Gal Eldar, merchandise pb astatine MetaMask, said the caller stablecoin lowers barriers for users entering the Web3 space.

Eldar said it reduces the costs and simplifies the onboarding process. He said the stablecoin volition let users to determination their funds onchain, deploy it into DeFi and walk successful mundane transactions. 

Related: Judge unfreezes $57M successful stablecoins linked to Libra token scandal

United States’ GENIUS Act paves the mode for stablecoins

Citing the precocious signed Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, MetaMask said that the instauration of the mUSD stablecoin comes amid accrued regulatory clarity. 

On July 18, US President Donald Trump signed the GENIUS Act into law, mounting requirements connected who tin contented stablecoins, however they indispensable beryllium backed and what disclosures are required. 

Apart from MetaMask, different players person jumped into the stablecoin race. On Thursday, the Trump-backed World Liberty Financial minted 9% of its USD1 stablecoin supply. This pushed the DeFi company’s holdings and stablecoin proviso to grounds highs. 

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