MetaMask, the Consensys-backed non-custodial crypto wallet used by roughly 30 million people monthly, is rolling out mUSD, a dollar-pegged stablecoin it says will be built into the wallet and plugged into the DeFi ecosystem.

The announcement, shared with The Defiant, says mUSD will be available in-wallet at launch for on-ramps, swaps, transfers and cross-chain bridging, with “real-life” merchant spending via MetaMask Card planned later this year.

Under the hood, MetaMask is not going it alone. The token will use the M^0 issuance stack — a modular, Ethereum-centric stablecoin platform — and is being built with help from Bridge, the payments-focused stablecoin infrastructure business that Stripe acquired earlier this year in a deal reportedly worth $1.1 billion.

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