MetaMask to roll out wallet-native mUSD dollar stablecoin
MetaMask will roll out its mUSD stablecoin in 2025, launching first on Ethereum and Consensys’ Linea network for use across Web3 applications.
MetaMask, the self-custodial crypto wallet owned by Consensys, said Thursday it will launch a dollar-backed stablecoin called MetaMask USD (mUSD).
MetaMask said on Thursday that the stablecoin will be issued by Bridge, an issuance and orchestration platform for stablecoins that was acquired by the payments platform Stripe, and will be powered by the liquidity platform M0.
MUSD will be integrated into the MetaMask wallet, allowing use of the stablecoin across Web3 applications. MetaMask said the stablecoin is designed for cross-chain use through M0’s liquidity network.