MetaMask USD
mUSD
Contract address
0xacA9...2435DA
Copy mUSD contract address
$0.9996
-$0.000197(-0.02%)Today
Market cap
32.95m
Total volume (24h)
9.13m
Volume / Market cap
0.2770
Circulating supply
32.96m
Day range (24h)
$0.9997$0.9999
All-time low
$0.9798
All-time high
$1.26

About MetaMask USD (mUSD)

MetaMask USD (mUSD) is a cryptocurrency stablecoin, launched by MetaMask in September 2025. Issued by Bridge, and powered by M0, mUSD is the first stablecoin created by a self-custodial wallet. A stablecoin is a type of token that’s designed to maintain a steady value, by being pegged to less volatile assets like the US Dollar. 

mUSD is backed by short-term US Treasury bills that are held in regulated custody and issued through a framework developed by Bridge.xyz using the M0 protocol. For every 1 mUSD in circulation, there is an equivalent dollar-backed asset held in reserve. 

MetaMask USD initially launched on Ethereum Mainnet (EVM), as well as Linea, an EVM Layer 2, where the token plays a pivotal role. Integration of mUSD includes core EVM protocols, lending markets, decentralized exchanges (DEXs), and custodial platforms. mUSD can be used in seamless fiat-to-crypto onramps, swaps, trades, and decentralized finance (DeFi). mUSD is also spendable via MetaMask Card at Mastercard merchants worldwide.

As a wallet-native stablecoin, mUSD is designed to simplify your journey across crypto, from onramping and holding to earning and spending, all within MetaMask. It enables users to move in and out of blockchain ecosystems more efficiently. Stablecoins like mUSD are vital to DeFi, underpinning trading, lending, and remittances. They also serve as a bridge between traditional finance (TradFi) and DeFi ecosystems.

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mUSD market moves

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24h change: -0.01%. From $0.9998 to $0.9997.

  • MetaMask launched Money Account on June 30, 2026 as a self-custodial product on the Monad network. Deposits of supported stablecoins convert to mUSD at a 1:1 ratio with no fees and begin earning up to 4 percent variable APY automatically through vaults managed by Veda and risk-curated by Steakhouse Financial, with Aave integration planned. Balances remain fully liquid for spending at Mastercard merchants via the MetaMask Card, trading, or other uses without lockups or minimums. The feature combines DeFi yields with everyday usability and is available to users in eligible jurisdictions.
  • MetaMask USD ranked first in Santiment's 30-day notable GitHub development activity ahead of major projects like Ethereum, Hedera, and Chainlink as of late June 2026. This leadership reflects active building around the stablecoin's infrastructure, M0 protocol integrations, and new features such as Money Account. Sustained development activity often precedes improvements in utility, transparency, and ecosystem composability. It positions mUSD as a focus area for technical progress in the stablecoin sector.
  • MetaMask's mUSD and Money Account combine automated yield generation with direct spending and trading capabilities in one self-custodial balance. The product routes yield from established lending protocols while maintaining 1:1 backing by high-quality assets through Bridge and M0. Coverage emphasizes reduced friction for users seeking both returns and utility from stablecoin holdings. This approach reflects broader efforts to increase stablecoin composability across DeFi and traditional payments.

24h change: +0.00%. From $0.9998 to $0.9998.

  • MetaMask introduced the Money Account on June 30, 2026. This self-custodial product converts deposits into mUSD and deploys them across lending protocols such as Morpho and Aave to earn up to 4 percent variable APY with no lockups or minimums. Your balance remains fully liquid for trading, transfers, and spending through the MetaMask Card, where it continues to accrue yield. The feature integrates earning directly into everyday wallet use on networks including Monad.
  • MetaMask USD topped Santiment's rankings for 30-day GitHub development activity. This reflects active work on the stablecoin, its integrations, and supporting features such as Money Account. High development activity can indicate ongoing improvements in security, functionality, and ecosystem support. It stands out relative to many other crypto projects in the same period.

24h change: +0.00%. From $0.9999 to $0.9999.

  • MetaMask introduced the Money Account on June 30, 2026. This self-custodial feature centers on mUSD and automatically deploys deposits into DeFi lending protocols such as Morpho to earn up to 4 percent variable APY with no staking or lockups required. Users can spend the same balance at Mastercard merchants through the MetaMask Card and access trading and other wallet functions. The product is built on the Monad blockchain and aims to combine DeFi yields with everyday usability in one account.
  • MetaMask USD has topped Santiment rankings for 30-day GitHub development activity. This comes as the project integrates deeper with new features like the Money Account for yield generation and card spending. The stablecoin maintains its peg near one dollar while the team advances integrations across networks including Ethereum, Linea, and now Monad. Heightened development signals ongoing commitment to expanding utility beyond basic stablecoin functions.

24h change: -0.00%. From $0.9997 to $0.9997.

  • MetaMask announced Money Account on June 30, 2026 as a self-custodial product that automatically earns up to 4 percent variable APY on mUSD by deploying to lending protocols like Morpho. The single balance supports instant spending through the MetaMask Card at hundreds of millions of merchants, one-click trading, and real-time yield accrual without staking or minimums. Built in partnership with Monad, Bridge, and M0, it positions wallets as integrated financial platforms. This matters because it reduces fragmentation between earning, spending, and holding crypto in self-custody.
  • mUSD serves as the core asset for Money Account, converting deposits at 1 to 1 parity and generating yield from the moment funds are added. It remains backed 1 to 1 by short-term US Treasury bills held in regulated custody by Bridge, a Stripe company, and powered by the M0 protocol. Recent updates highlight its spendability via MetaMask Card and integration across trading features. The stablecoin's design simplifies moving between onramping, earning, and spending while maintaining self-custody.
  • As the first stablecoin from a self-custodial wallet, mUSD now powers products that blend DeFi yields with traditional payment rails. Holder count has grown beyond 240,000 addresses amid these expansions. Market data shows mUSD maintaining its peg near $1 with circulating supply of approximately 33 million tokens. These developments reflect broader innovation in making crypto more usable for everyday financial activities without sacrificing self-custody.

24h change: +0.01%. From $0.9998 to $0.9999.

  • MetaMask introduced the Money Account feature that converts deposits into mUSD and generates up to 4% APY from lending protocols like Morpho and Aave. The account supports seamless spending with a MetaMask-branded Mastercard debit card and integrated trading options such as swaps and perpetuals. It operates on the Monad blockchain in a self-custodial manner with subsidized network fees, expanding mUSD utility for everyday use while users retain control of their private keys.
  • MetaMask USD led Santiment's rankings for notable development activity based on GitHub events over a recent 30-day period. This reflects ongoing technical improvements and integrations across networks including Ethereum, Linea, and now Monad. The metric underscores growing ecosystem focus on mUSD as a wallet-native stablecoin backed by short-term US Treasury assets through the M0 protocol and Bridge issuance.
  • MetaMask offers bonuses when users convert other stablecoins like USDC or USDT to mUSD within the wallet. These incentives tie into broader rewards programs that may influence eligibility for future airdrops or ecosystem benefits. The initiatives aim to increase mUSD circulation and on-chain usage across DeFi, swaps, bridging, and payments without requiring users to leave the MetaMask interface.
Earn up to 4% APY on your mUSD

Earn up to 4% APY on your mUSD

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