MetaMask Unveils mUSD Stablecoin for Decentralized Finance (DeFi)

MetaMask, a prominent self-custody cryptocurrency wallet developed by Consensys, is launching its own dollar-backed stablecoin called MetaMask USD (mUSD) in late 2025. This new stablecoin will be issued through Bridge, a stablecoin platform acquired by payments giant Stripe, and powered by the liquidity network M0. mUSD will be directly integrated into MetaMask and designed for cross-chain use within DeFi applications.