Another crypto player, the MetaMask wallet developer, has introduced its own stablecoin in the booming market.
Metamask announced the launch of MetaMask USD ($MUSD) – a U.S. dollar-pegged stablecoin token, in partnership with decentralized stablecoin infrastructure platforms, Bridge and M0.
$MUSD is the first stablecoin launched by a self-custodial wallet and fully integrated across MetaMask’s ecosystem, including dApps and DeFi protocols. Built in collaboration with Bridge, a Stripe company, and M0, $MUSD supports not only common on-chain functions like on-ramps, swaps, and bridging, but will also soon be spendable off-chain via the MetaMask Card at Mastercard merchants worldwide.
The MetaMask Card is a crypto debit card powered by the Mastercard network. It is linked directly to a MetaMask wallet, enabling seamless payments without the need for banks, exchanges, or other extra steps. The card, currently available in select countries across Europe and the Americas in an early access phase, supports both physical and digital transactions via Apple Pay and Google Pay. Additionally, users can earn crypto cashback rewards on their purchases.
$MUSD will initially launch on Ethereum and Linea, where it is expected to play a central role in Linea’s growing DeFi ecosystem. The stablecoin provides a 1:1 USD-backed, highly liquid, cross-chain asset, offering users seamless onboarding, transfers, and real-world payments.
The initiative combines compliance, transparency, and interoperability: Bridge manages issuance and reserves under regulatory standards, while M0 provides decentralized infrastructure for cross-chain utility. This integration reduces complexity, accelerates deployment, and enhances liquidity for platforms like MetaMask.
Launching amid increasing stablecoin adoption and U.S. regulatory clarity through the GENIUS Act, $MUSD aims to simplify the self-custodial experience, enabling users to hold, transact, and spend digital dollars easily across Web3 and real-world payments.
