MetaMask’s mUSD Stablecoin Eyes 100M Users in 2025

- MetaMask to launch native stablecoin, mUSD, later this year. - Stablecoin to be fully backed by US cash reserves and Treasuries, integrating with Ethereum and Linea. On August 21, 2025, Cryptopolitan reported that MetaMask plans to launch its first native stablecoin, MetaMask USD (mUSD). This launch is part of an ongoing effort to enhance financial transactions for its 100 million global users. The stablecoin will be available on the Ethereum and Linea blockchains and will be fully backed by US cash reserves and short-term US Treasuries. Bridge, a subsidiary of fintech giant Stripe, will issue the stablecoin. MetaMask engineered mUSD to streamline operations within its wallet ecosystem by removing the need for third-party services to convert cryptocurrency into fiat-backed assets. Critically, mUSD adheres to the GENIUS Act, the United States’ first federal regulatory framework for payment stablecoins, which ensures legal compliance and financial security. Ajay Mittal, Vice President of Product Strategy at MetaMask, explained that the company will reinvest the revenue from the yield generated by mUSD's backing assets, stating this will enhance the user experience and could lead to lower transaction costs and smoother ecosystem integration. By late 2025, MetaMask intends to expand mUSD’s utility by incorporating it as a payment option for its physical debit card, created in partnership with Mastercard. This move aligns with its strategy to drive user adoption and promote growth in the decentralized finance (DeFi) space.