MetaMask USD

Stable, secure, spendable.

MetaMask USD
mUSD
Contract address
0xacA9...2435DA
Copy mUSD contract address
$0.9997
$0.00009003(+0.01%)Today
Market cap
30.72M
Total volume (24h)
1.31M
Volume / Market cap
0.0428
Circulating supply
30.74M
Day range (24h)
$0.9994$0.9997
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: -0.00%. From $0.9996 to $0.9996.

  • Santiment ranked MetaMask USD first for notable development activity based on GitHub events over the past 30 days, ahead of Ethereum, Hedera, and Chainlink. This reflects ongoing work on smart contract improvements, M0 integrations, yield features, bridging capabilities, and MetaMask Card enhancements. It matters because sustained technical progress supports greater utility, security, and composability for the stablecoin across the MetaMask ecosystem and DeFi protocols. The ranking highlights focus on innovation for a wallet-native dollar token even after its 2025 launch.
  • MetaMask partnered with Mastercard to launch a self-custodial US payment card that lets you spend crypto directly from your wallet. Cardholders earn 1% mUSD back on eligible purchases or up to 3% with the Metal tier on the first $10,000 spent annually. Funds remain in your MetaMask account until the moment of payment, preserving self-custody, and the card works with Apple Pay and Google Pay. This expands mUSD utility from on-chain DeFi to real-world spending while integrating with the stablecoin's backing via Bridge and M0.

24h change: -0.00%. From $0.9997 to $0.9996.

  • Santiment ranked MetaMask USD first for notable development activity over a 30-day period ending in late May 2026 based on GitHub events. This places it ahead of projects like Hedera, Chainlink, and Ethereum. The work focuses on smart contract improvements, M0 protocol integrations, yield features, swaps, bridging, and MetaMask Card enhancements. It signals MetaMask's commitment to evolving mUSD as a core part of its wallet and DeFi ecosystem.
  • Community members have discussed recent movements of significant mUSD liquidity from platforms like Etherex onto Monad. MetaMask has added incentivized MUSD-USDC pools on PancakeSwap connected to Monad with rewards in mUSD. These steps aim to broaden liquidity, support trading activity, and increase utility across additional EVM networks. Users are engaging with these opportunities through swaps and perps trading.
  • Updates point to a potential MetaMask rewards or airdrop program in June 2026 that may tie into user activity with mUSD. Deeper integrations on Linea and user participation in point farming via swaps have been noted. mUSD continues to feature in bug bounty programs and playful community engagement from the official account. These efforts support broader adoption of the stablecoin within the MetaMask wallet for payments and DeFi.

24h change: -0.01%. From $0.9996 to $0.9996.

  • Santiment's report ranks MetaMask USD first for notable development activity over the past 30 days based on GitHub events. It places ahead of Hedera, Chainlink, Ethereum, and other projects. This reflects ongoing technical work on the stablecoin's contracts, M0 protocol integrations, yield features, and wallet features such as swaps, bridging, and the MetaMask Card. The development underscores active efforts to improve how you can use a wallet-native stablecoin for transactions and DeFi within the MetaMask ecosystem.
Earn up to 4% APY on your mUSD

Earn up to 4% APY on your mUSD

APY is variable and not guaranteed

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