MetaMask mUSD stablecoin goes live, offering fiat on-ramp

MetaMask’s native stablecoin mUSD is live, after the initial announcement at the end of ￰0￱ asset may serve as a fiat on-ramp for one of the most widely used browser ￰1￱ announced its native stablecoin mUSD is live, after announcing the new asset at the end of ￰2￱ Cryptopolitan reported earlier, MetaMask aims to enter the $280B growing stablecoin market in partnership with Stripe. MetaMask’s mUSD is the first token to be issued by a self-custodial browser ￰3￱ asset will be fully integrated into the MetaMask ecosystem of apps, and work for swaps, on-ramps, and ￰4￱ to launch mUSD on Ethereum, Linea The token also launched on Linea, one of the hottest new chains following the recent TGE and ￰5￱ token will initially launch on Ethereum and Linea and will become a part of the Linea ￰6￱ MetaMask USD, you’ll get: 🦊 Strong liquidity & incentives on @LineaBuild 🦊 The lowest-cost fiat onramps in MetaMask 🦊 Native support across MetaMask Swap and Bridge txs 🦊 Spendable with the MetaMask Card at 150+ million merchants around the world …and more 👀 💡 The… — ￰7￱ 🦊 (@MetaMask) September 15, 2025 The MetaMask stablecoin follows the recent rush to create new compliant assets, based on the requirements in the US Genius ￰8￱ stablecoin aims to tap the most active sources of liquidity in the US ￰9￱ token will be launched by Bridge, the Stripe company for stablecoin issuance and ￰10￱ will compete with USDT and USDC, currently Ethereum’s busiest ￰11￱ token will launch with an initial supply of around $18M.

The new addition is relatively small, as the supply of stablecoins grows relentlessly to over $284.8B. Liquidity through mUSD to receive higher rewards Immediately after the launch, mUSD started a program to become the go-to stablecoin on Linea. Currently, Linea can rely on bridged USDT and USDC, with over $304 in total ￰12￱ the launch, mUSD will aim to displace that liquidity by offering bigger incentives through ￰13￱ will only receive 0.1 LINEA for each $1 in liquidity, while LINEA and ETH pools will have a higher ￰14￱ mUSD pools against USDT, USDC, ETH, and LINEA will start receiving rewards from September ￰15￱ the first epoch, stablecoin pools will be assigned 2.8M LINEA, the ETH pool will receive 5.6M LINEA, and the mUSD/LINEA pair will also have 2.8M tokens set aside for incentives.

MetaMask’s mUSD token will initially become active on the Etherex exchange, a newly launched ￰16￱ launched in August and accrued around $180M in ￰17￱ DEX carries some of the latest tokens on Ethereum, reaching $2.48B in monthly ￰18￱ DEX aims for up to $54M in annualized fees, potentially sharing them with mUSD holders as incentives and LP rewards. Currently, mUSD is still not distributed, with 40% of the supply held in a cluster of three ￰19￱ its first day of trading, mUSD achieved around $20M in ￰20￱ is yet to gain traction on MetaMask, as Uniswap is still the leading ￰21￱ MetaMask wallet still aggregates over 85K active users for swaps, producing between $300K and $500K for ￰22￱ swaps are relatively expensive, and mUSD aims to decrease costs and boost ￰23￱ you're reading this, you’re already ￰24￱ there with our newsletter .