MetaMask confirmed it will launch mUSD, its U.S. dollar-pegged stablecoin, later this year, strengthening its presence in the $250 billion stablecoin market. The coin will debut on Ethereum and Consensys’ Linea layer-2 network, tightly integrated into the MetaMask app.
Backed by M0 Protocol’s blockchain infrastructure and issued via Bridge, now part of Stripe, mUSD will allow users to on-ramp fiat, swap tokens, and transfer value across blockchains. MetaMask also plans to extend mUSD’s reach to global payments, enabling card-based spending at Mastercard outlets.
Product lead Gal Eldar described the launch as a crucial step to “bring the world on-chain,” following recent U.S. regulations under the GENIUS Act, which set clearer standards for stablecoin issuers.
MetaMask joins major players entering stablecoins as demand surges for faster, cheaper international payments. The company also plans to expand utility into DeFi, targeting institutional adoption while keeping consumer payments simple and borderless.
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