About MetaMask USD (MUSD)

What is MetaMask USD (MUSD) in crypto?

MetaMask USD (mUSD) is a wallet-native, dollar-pegged stablecoin issued by Bridge (a Stripe company) using M0 infrastructure. It lives on Ethereum and Linea and is designed for seamless use inside MetaMask—on-ramping, swaps, DeFi, and, soon, card payments. So why does this coin matter? It’s the first major stablecoin launched by a self-custodial wallet, aiming to make usd utility feel native in Web3.

How does the MUSD token maintain its usd peg?

mUSD uses an elastic mint-and-redeem model: Bridge mints tokens when users deposit qualifying assets and burns them on redemption. Reserves target 1:1 backing with cash and short-term U.S. Treasuries held with regulated custodians. A quick take: it’s a fiat-backed design similar in spirit to USDT/USDC, but wallet-first in distribution and UX.

What are the tokenomics and allocation for MUSD?

There’s no pre-allocated supply to team, investors, or public sale—0% across those buckets. Supply expands or contracts based on issuance/redemptions rather than emissions schedules. Worth noting: because it’s a stablecoin, value accrual doesn’t rely on speculative tokenomics; the focus is reliable usd liquidity and smooth crypto payments.

Does MUSD have vesting or token unlocks?

No. mUSD isn’t a typical venture token with cliffs or vesting. There are no team or investor unlocks, and no ICO/IEO allocations. Instead, circulating tokens appear when users mint and disappear when they redeem. That removes the overhang risks you might worry about with scheduled unlocks.

Who’s behind MUSD—any investors or partners?

The stack combines MetaMask (Consensys), Bridge (owned by Stripe) as issuer, and M0 as the stablecoin infrastructure. You might wonder about “investors”: think partners and parent entities rather than mUSD-specific rounds. M0 itself has venture backers, but mUSD didn’t run a token sale or sell allocations.

Where can I get or use the MUSD coin?

Start inside MetaMask: on-ramp to mUSD, swap via MetaMask Swaps, or use Linea-based DEXs (e.g., Etherex). Typical pairs include MUSD/USDC, MUSD/USDT, and MUSD/ETH; expect broader integrations as the Linea ecosystem grows. If you want the full backstory on how it launched, check our MetaMask USD (mUSD) Launch research.

What activities or campaigns launched with MUSD?

No ICO or airdrop. The launch centered on product integrations—on-ramping in MetaMask and liquidity programs on Linea to seed depth across key pools. Think “utility-first” campaigns rather than retroactive points. If you’re a DeFi user, watch Linea programs and partner protocol announcements for evolving incentives.

What’s on the roadmap for the MUSD token?

Near term: MetaMask Card support to spend mUSD at real-world merchants, plus deeper DeFi coverage on Linea and beyond. Medium term: additional EVM networks via M0’s liquidity rails and improved transparency dashboards. The north star is simple: make usd in crypto feel instant, portable, and self-custodial.

What are the main risks I should know?

Three buckets: regulation (stablecoin rules can change), issuer/reserve dependencies (Bridge, custodians, attestations), and liquidity (early depth may rely on incentives). Peg stability is generally robust for fiat-backed tokens, but stress events can cause deviations. As always, confirm venues, smart-contract risks, and redemption pathways.

How is MUSD different from USDT or USDC?

Functionally similar reserves; distribution is the twist. mUSD is “wallet-native,” baked into MetaMask flows for on-ramp, swap, and (soon) card spend. That UX focus could reduce friction versus juggling multiple apps. A quick take: if you already live in MetaMask, this token aims to be your default usd rail.