MetaMask USD

Stable, secure, spendable.

MetaMask USD
mUSD
Contract address
0xacA9...2435DA
Copy mUSD contract address
$0.9997
$0.000103(+0.01%)Today
Market cap
30.43M
Total volume (24h)
1.34M
Volume / Market cap
0.0441
Circulating supply
30.44M
Day range (24h)
$0.999$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.

Calculator

mUSD market moves

Powered by MetaMask Market Insights


24h change: +0.01%. From $0.9995 to $0.9996.

  • MetaMask rolled out the Money Account feature around July 1, 2026. It allows users to convert stablecoins or deposit into a dedicated mUSD balance that earns variable yields up to 4 percent APY through DeFi protocols such as those curated by Steakhouse and deployed on Morpho and Aave. The same balance supports one-click trading, swaps, and spending with a MetaMask Card at Mastercard merchants worldwide while maintaining self-custody. This brings traditional payment functionality together with DeFi yield directly inside the wallet without requiring users to move funds between apps.
  • MetaMask chose Monad as the exclusive canonical chain for its Money Account. The decision prioritizes sub-second finality to support real-time card authorizations while users continue earning yield up until the moment of purchase. This highlights growing demand for high-performance infrastructure in consumer-facing crypto payment products. Partnerships with Monad, Veda Labs, and Steakhouse enable the seamless experience.
  • mUSD has ranked number one in developer activity according to Santiment metrics in recent 30-day periods. Ongoing enhancements focus on smart contracts, yield strategies, bridge integrations, and MetaMask Card features. The stablecoin now supports rewards programs, liquidity incentives on platforms including Monad and PancakeSwap, and expanded utility through the new Money Account. Holder count exceeds 240,000 addresses on Ethereum.

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

Get mUSD in seconds

Buy, sell, trade, and swap mUSD on MetaMask, crypto's most trusted wallet.

Ready to try MetaMask?

Ready to try MetaMask?