mUSD MetaMask

MetaMask USD (mUSD) is the latest innovation from MetaMask, launched in September 2025 as the first stablecoin created and integrated directly within a self-custodial wallet. Issued by Bridge and powered by the M0 protocol, mUSD represents a significant step forward in how stablecoins can function natively across decentralized ecosystems, without reliance on third-party issuers or intermediaries.

What Is MetaMask USD (mUSD)?

mUSD is a U.S. dollar–pegged stablecoin designed to maintain a steady value of $1.00 by being backed 1:1 with short-term U.S. Treasury bills. These reserves are held in regulated custody, ensuring transparency and trust in the asset’s backing. Every mUSD token in circulation corresponds to an equivalent dollar-denominated asset securely held by Bridge under the M0 protocol’s issuance framework.

The introduction of mUSD marks a new era for stablecoins — one that merges user sovereignty with institutional-grade transparency. As a wallet-native stablecoin, mUSD integrates directly into the MetaMask ecosystem, giving users seamless access to onramps, swaps, DeFi markets, and real-world spending.

Technical and Ecosystem Integration

Upon launch, MetaMask USD became available on both the Ethereum Mainnet and Linea, MetaMask’s Layer 2 network built on the Ethereum Virtual Machine (EVM). This dual-network deployment enhances scalability and accessibility, allowing users to transact with minimal fees while retaining full EVM compatibility.

mUSD is designed to be deeply integrated into the EVM DeFi ecosystem, with early support from lending protocols, decentralized exchanges (DEXs), and custodial platforms. Its interoperability with fiat onramps and DeFi protocols makes it a foundational component for both individual and institutional users seeking a frictionless bridge between traditional and decentralized finance.

Core Use Cases

• Onramping and Offramping: Users can seamlessly move funds between fiat and crypto using MetaMask’s integrated payment rails.
• DeFi Integration: mUSD is designed for lending, borrowing, and liquidity provision across popular DeFi platforms.
• Payments: Through the MetaMask Card, mUSD can be spent globally at Mastercard merchants, bridging crypto with everyday transactions.
• Yield Opportunities: Holders can use mUSD in various yield-bearing DeFi protocols or liquidity pools on Ethereum and Linea.

Backed by Bridge and Powered by M0

The issuance of mUSD is facilitated by Bridge — a platform that specializes in compliant digital asset frameworks. Using the M0 protocol, Bridge ensures that every mUSD token remains fully collateralized and verifiable through real-time attestations and transparent reporting. This structure reinforces MetaMask’s commitment to regulatory-grade integrity while maintaining the self-custodial ethos that defines Web3.

Strategic Integrations and Ecosystem Growth

MetaMask USD benefits from key integrations that enhance its liquidity and adoption:

• Stripe Open Issuance: Expands mUSD’s liquidity through shared stablecoin issuance rails, increasing interoperability with mainstream payment networks.
• Linea DeFi Incentives: Encourages mUSD adoption across MetaMask’s Layer 2 ecosystem via incentives and liquidity rewards for DeFi participants.
• Regulatory Readiness: As stablecoin legislation evolves in the U.S., mUSD’s reserve structure and auditing practices position it favorably for compliance under upcoming laws.

The Role of mUSD in DeFi and Beyond

Stablecoins are the backbone of the decentralized finance (DeFi) ecosystem, facilitating trading, lending, and remittance activities without exposure to crypto volatility. With mUSD, MetaMask is not only offering a stablecoin — it is providing an end-to-end infrastructure for financial interoperability. Users can earn, trade, and spend with stability, all within the same wallet interface.

“MetaMask USD represents the next evolution of user-controlled finance — a stablecoin that lives natively within the most widely used self-custodial wallet, bridging DeFi with the real world.”

Future Outlook

The success of mUSD will depend on its adoption across the MetaMask user base, the robustness of its underlying reserves, and the broader regulatory environment. As MetaMask continues to expand its ecosystem — from Linea DeFi applications to fiat integrations through Stripe — mUSD could become one of the most widely used stablecoins in the Web3 economy.