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5h ago

MetaMask Confirms mUSD, a Wallet-Native Dollar Token, Launching Later This Year

New U.S. stablecoin rules set the stage for a Stripe-issued, 1:1 dollar-backed token built on M0 and embedded directly in the wallet.

Stripe's bridge teams up with m0 protocol to issue stablecoins, starting with metamask's musd
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MetaMask unveils wallet-native stablecoin mUSD on Ethereum and Linea
Metamask enters stablecoin arena with musd, partners with stripe’s bridge

Overview

  • mUSD will be integrated across MetaMask for fiat on-ramps, swaps, cross-chain transfers, and later spending via the MetaMask Card at Mastercard merchants.
  • Bridge, a U.S.-licensed issuer owned by Stripe, will issue the token using M0’s application-specific stablecoin infrastructure.
  • Bridge says reserves will be fully backed one-to-one by dollar‑equivalent assets with real‑time reporting, and MetaMask says the coin will not initially pay yield.
  • The token is slated to debut on Ethereum and ConsenSys’s Linea network later in 2025 as MetaMask targets a connective liquidity layer for its wallet and DeFi.
  • Bridge and M0 present mUSD as a template for other brands, saying their stack cuts custom issuance from more than a year to weeks in the wake of the GENIUS Act.