MetaMask to launch wallet-native mUSD stablecoin on Ethereum and Linea in 2025

MetaMask, the self-custodial wallet from ConsenSys, plans to introduce a dollar-pegged stablecoin called MetaMask USD (mUSD) slated to debut later in 2025. The token will be integrated directly into the MetaMask wallet so users can hold, move and use mUSD across Web3 applications.

According to the announcement, mUSD will be issued via Bridge — an issuance and orchestration platform that was acquired by the payments firm Stripe — and it will leverage the liquidity network provided by M0 to facilitate cross-chain transfers and broader liquidity access.

The stablecoin will first launch on the Ethereum mainnet and on Linea, the EVM-equivalent layer-2 network bootstrapped by ConsenSys. MetaMask says the token is intended to play a central role in Linea’s decentralized finance ecosystem and to simplify on-ramps, swaps and bridging for users operating in self-custodial wallets.

MetaMask has stated that mUSD will be backed 1:1 with dollar-equivalent reserves and will be woven into wallet features such as swaps, on-ramps and bridging tools. The company also announced plans for a MetaMask Card later the same year in partnership with Mastercard, which would enable mUSD to be spent in everyday transactions.

MetaMask described a wallet-native stablecoin as a way to lower friction for users who regularly on-ramp, trade, lend or spend crypto assets, arguing that embedding a dollar-backed token directly in the wallet simplifies the Web3 onboarding and self-custody experience.

The announcement was framed in the context of evolving U.S. stablecoin rules, with MetaMask noting that new regulatory clarity has been emerging for stablecoin issuance and disclosures. Other companies are also entering the stablecoin market, underscoring growing competition in the sector.

Reported by Cointelegraph.