Deep Tide TechFlow news, on August 21, according to The Block, MetaMask officially announced the launch of its first native stablecoin, MetaMask USD (mUSD), planned to go live on Ethereum and Consensys's Linea network later in 2025. This stablecoin will be issued by Stripe's Bridge platform and minted through the decentralized infrastructure of M0. mUSD will be fully backed 1:1 by US cash and short-term government bonds, featuring real-time transparency and cross-chain compatibility.
Ajay Mittal, Vice President of Product Strategy at MetaMask, stated that this is the first stablecoin launched by a self-custody crypto wallet and will serve as the default digital dollar unit within the MetaMask ecosystem. Users will be able to deposit, hold, exchange, transfer, and perform cross-chain operations with mUSD within MetaMask, and there are plans to enable spending at Mastercard-supported merchants through the MetaMask Card before the end of the year.