PANews reported on August 21st that MetaMask announced that it will launch its first native stablecoin, mUSD, later this year, supporting the Ethereum and Linea networks. The stablecoin will be issued by Stripe's Bridge platform and minted through M0's decentralized infrastructure.

MetaMask announced that mUSD will become the default digital dollar unit of its ecosystem, deeply integrated into Linea's DeFi ecosystem, including its lending market, decentralized exchange, and custody platform, to enhance liquidity and optimize the user experience. Users can deposit, hold, exchange, transfer, and perform cross-chain transactions with mUSD through MetaMask, with plans to support spending at Mastercard merchants using the MetaMask Card by the end of the year. The specific launch date and size of mUSD have not yet been announced, but further technical details and user guides will be released in the coming weeks.

According to previous news, people familiar with the matter said that the crypto wallet MetaMask may announce the details of the stablecoin mUSD this week .