MetaMask is set to become the first non-custodial wallet with its own stablecoin. The developers have announced the launch of the eponymous “stablecoin” under the ticker mUSD.
The asset will be issued by Stripe’s Bridge platform, with technological support from M0. mUSD will be fully backed by liquid US dollar equivalents — cash and short-term treasury bonds — at a 1:1 ratio.
The initial issuance volume remains unknown, as do other technical details. Developers have promised to provide these in the coming weeks.
“Our current priority is to ensure the seamless operation of all internal and external technical operations related to the token,” noted Bridge co-founder and CEO Zach Abrams.
The launch is planned for late 2025 on the Ethereum and Linea networks. Users will be able to top up accounts, store, exchange, and transfer mUSD directly within the wallet interface.
Integration with DeFi protocols is also expected, along with the ability to pay with the stablecoin via the MetaMask card wherever Mastercard is accepted.
Ajay Mittal, the company’s Vice President of Product, emphasized the uniqueness of the mUSD model:
“Unlike other stablecoins, which are first issued and then integrated into wallets, mUSD is initially built into MetaMask.”
The launch of MetaMask’s stablecoin coincides with the adoption of the GENIUS Act in the US, which sets regulations for “stablecoins.”
