MetaMask announces mUSD, a wallet-native stablecoin issued by Bridge on Ethereum and Linea

Bridge (Stripe)/Bridge stablecoin platform & Open Issuance

MetaMask said it would launch mUSD, billed as the first stablecoin from a self-custody wallet, with Bridge as issuer and M0's infrastructure for minting. It is backed 1:1 by cash and short-term Treasuries, and the reserve yield goes back into MetaMask's product.

• Issuer: Bridge; minting on M0's infrastructure.
• Launch chains: Ethereum and Linea.
• Backed 1:1 by US cash and short-term Treasuries.
• Spending via MetaMask Card at Mastercard merchants planned.