MetaMask has officially entered the competitive stablecoin arena with the launch of MetaMask USD (mUSD). This new, dollar-pegged stablecoin is designed to integrate seamlessly into the popular crypto wallet's ecosystem.
Launched on both Ethereum and MetaMask's Layer-2 network, Linea, mUSD is fully backed by cash and cash-equivalent assets and is issued by the licensed entity Bridge. The stablecoin's key feature is its deep integration within the MetaMask wallet, allowing users to buy, swap, and transfer mUSD directly using various payment methods, including credit cards and bank transfers. It will also be compatible with the MetaMask Card, enabling spending at over 150 million merchants worldwide.
This move positions mUSD as the default stablecoin on the Linea network, aiming to capture transaction volume from MetaMask's massive user base of over 30 million monthly active users. However, it faces stiff competition from established market leaders like USDT and USDC. The success of mUSD will depend on its ability to leverage its native integration to drive adoption and build sufficient liquidity, a challenge in a market where user experience and compliance are becoming key differentiators.
September 2025, Cryptoniteuae