MetaMask is a self-custody crypto wallet developed by Consensys, set to launch its own native stablecoin, MetaMask USD (mUSD).
This makes MetaMask the first self-custody wallet to issue a stablecoin, reinforcing its role as a central gateway in decentralized finance (DeFi).
Last week, speculation about the development of mUSD surfaced after a governance proposal outlining stablecoins was briefly posted online before being deleted. The launch has now been confirmed.
Positioned in an environment of growing stablecoin adoption
The launch of mUSD coincides with the growing popularity of stablecoins worldwide, with increasing use cases in payments, trading, and remittances.
The recent clarity of U.S. regulation, including the passage of the (GENIUS Act), has further enhanced confidence in the industry.
MetaMask aims to leverage these conditions by providing stablecoins designed for direct integration with its wallet infrastructure, allowing users to trade in a familiar environment while maintaining self-custody of their assets.
Integration with Ethereum and Linea
At launch, mUSD will be available on Ethereum and Consensys's Layer 2 network Linea. The token is expected to play a foundational role in the development of Linea's DeFi ecosystem, supporting liquidity growth and network expansion. mUSD will be integrated into
MetaMask's decentralized applications and DeFi protocol suite enable entry, swapping, transferring, and cross-chain bridging directly from the wallet.
By natively embedding these features, MetaMask aims to simplify user access to stablecoin-based financial services.
Extension to real-world utility
In addition to DeFi functionalities, mUSD is expected to support real-world payments before the end of this year. Through the MetaMask card, users will be able to spend mUSD at millions of merchants worldwide that accept Mastercard.
This bridge between digital assets and everyday commerce highlights MetaMask's strategy of expanding from the crypto ecosystem to practical financial use cases.
By introducing mUSD, MetaMask positions itself at the intersection of self-custody, stablecoin adoption, and real-world utility.
