MetaMask just announced its own stablecoin: mUSD.
→ Issued by Bridge (Stripe) + powered by M0
→ Fully backed 1:1 by cash/T-bills
→ Launching on Ethereum + Linea later this year
→ Native inside the MetaMask wallet (on-ramp → swap → bridge → spend)
→ Spendable via MetaMask Card at Mastercard merchants
Why now?
New U.S. stablecoin clarity + the playbook of PayPal’s PYUSD.
MetaMask wants to own the full “digital dollar” stack, turning the wallet into the bank, the DEX, and the payment rail.
The question is: does mUSD actually carve into USDC/USDT liquidity, or just become the default dollar inside MetaMask + Linea?
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