MetaMask Introduces Native Wallet Stablecoin: mUSD MetaMask, the prominent self-custodial crypto wallet owned by Consensys, is set to significantly enhance its ecosystem with the upcoming launch of its own dollar-backed stablecoin, MetaMask USD (mUSD). This strategic move aims to streamline the Web3 experience for millions of users.
Seamless Integration and Core Mechanics
Slated for debut in late 2025 on both the Ethereum blockchain and Consensys's Linea network, mUSD will be issued by Bridge, a platform acquired by Stripe, and powered by the M0 liquidity platform. Designed for seamless cross-chain utility via the M0 network, mUSD will be fully integrated into the MetaMask wallet. This deep integration means users can effortlessly utilize the stablecoin across various Web3 applications, benefiting from its 1:1 backing with dollar-equivalent reserves.
Empowering the Web3 User Experience
The introduction of mUSD is poised to dramatically simplify the journey into Web3 and self-custody, making it easier for users to onboard, hold, trade, lend, and spend digital assets. Gal Eldar, MetaMask's Head of Product, emphasized that mUSD will lower costs and reduce barriers for new users entering the Web3 space, enabling them to move funds on-chain, deploy them in DeFi, and even use them for everyday transactions. Furthermore, MetaMask plans to launch a physical card later this year in collaboration with Mastercard, allowing mUSD holders to spend their stablecoin in daily life, bridging the gap between digital assets and traditional commerce.
Navigating a Clearer Regulatory Landscape
This significant development comes at a time of increasing regulatory clarity for stablecoins, notably following the recent enactment of the U.S. GENIUS Act (Guidance and Establishment of National Innovation for Stablecoins Act). Signed into law on July 18, this act provides a much-needed framework, outlining requirements for stablecoin issuance, backing, and disclosure. MetaMask's timing suggests a confident step forward within a more defined regulatory environment.
