MetaMask, a well-established digital asset wallet focused on the Ethereum (ETH) ecosystem, has announced the launch of its stablecoin. The MetaMask USD (mUSD) is a stablecoin backed by the U.S. dollar, initially issued on the Ethereum network and an EVM layer two (L2) scaling solution Linea (LINEA).
The MetaMask USD will be compatible with MetaMask’s services and spendable with the MetaMask Card. The MetaMask team unveiled the mUSD stablecoin to enhance liquidity within its ecosystem, in addition to Linea-based incentives.
According to the announcement, the mUSD will offer users low-cost fiat on-ramps in MetaMask. The MetaMask team worked closely with the M0 Protocol and Bridge.xyz to facilitate the development of the mUSD.
According to market data from MetaMask’s site, the mUSD had a market cap of about $20.3 million and a total traded volume of around $32.35 million at the time of this writing.
The mUSD is well-positioned to grow exponentially in the coming months fueled by the vast user base at MetaMask and the favorable regulatory framework. MetaMask launched its stablecoin after the U.S. government enacted the GENIUS Act to regulate the stablecoin market.
Additionally, the MetaMask platform has significantly benefited from the charges dropped by the Securities and Exchange Commission (SEC).
According to market data analysis from CoinGlass, the altcoin season index has surged above 70, signaling a parabolic rally for altcoins ahead. As such, the strategic launch of mUSD will enhance the crypto trading liquidity on MetaMask.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP price currently stands at $2.99, with a market capitalization of $179.79 billion. Analysts and…
Story Highlights Bitcoin is currently trading at: Predictions suggest BTC to hit $150K to $250K…
Story Highlights The live price of the Cardano token is . Price prediction suggests potential…
Story Highlights The live price of the CRV token is . Price predictions for 2026…
ONDO price is hovering around $0.2539, up roughly 20% from its recent $0.2017 low, and…
The U.S. Commodity Futures Trading Commission has taken another step toward formalizing stablecoins within the…
