MetaMask, the world’s leading self-custodial crypto wallet by Consensys, announced MetaMask USD ($mUSD), marking the first stablecoin launched directly from a self-custodial wallet. Built with Bridge, a Stripe company, and powered on-chain by M0, $mUSD offers a seamless dollar-denominated experience for holding, swapping, bridging, and eventually spending via the MetaMask Card at millions of Mastercard merchants.

Cross-chain utility at launch: $mUSD will be available on Ethereum and Linea, the fully EVM-equivalent L2 by Consensys, where it will integrate into the growing Linea DeFi ecosystem, including lending markets, DEXs, and custodial platforms. The stablecoin aims to provide native liquidity, composability, and seamless fiat onboarding for millions of MetaMask users.

Wallet-native innovation: MetaMask USD introduces a new model—a self-custodial, wallet-native stablecoin—simplifying the Web3 journey for users while unlocking native utility across DeFi and real-world payments.

Built for compliance and transparency: With Bridge handling issuance and regulatory compliance, and M0 powering decentralized liquidity infrastructure, $mUSD is fully backed 1:1 by high-quality dollar-equivalent assets, offering real-time transparency and cross-chain composability.

Regulatory clarity: The launch coincides with the U.S. GENIUS Act, which establishes a federal framework for payment stablecoins. $mUSD is expected to roll out later with more technical details available via MetaMask’s blog and social channels.