MetaMask’s mUSD Stablecoin Reaches $65M Supply Post-Launch

MetaMask’s newly launched stablecoin, mUSD, has rapidly attained a supply of $65 million within one week, marking an impressive debut in the digital currency landscape.

MetaMask, in collaboration with Bridge and M0, introduces the first self-custodial wallet-native stablecoin, integrating seamlessly with multiple EVM chains.

The successful integration of mUSD has significantly impacted the DeFi market, driving liquidity and participation across Ethereum and its Layer 2 network, Linea.

Financial implications are considerable, as the mUSD’s regulatory framework challenges existing stablecoin dominions while enhancing user convenience through fiat-crypto onramps.

Meet MetaMask USD, aka mUSD, our new stablecoin that makes getting started with crypto and trading tokens easier, faster, and more cost-effective than ever before. mUSD is the first stablecoin built directly into a self-custodial wallet, combining the reliability of the US Dollar with MetaMask’s trusted security. From onboarding to earning, holding to spending, mUSD allows you to make the most of your assets, all within your MetaMask wallet.

The launch of mUSD is poised to alter regulatory expectations within the industry, potentially shifting compliance standards for stablecoins.

Drawing parallels with past stablecoin introductions, mUSD’s unique self-custodial integration could encourage further advancements in DeFi infrastructure and user adoption, propelled by regulatory alignment and transparency.