#MetaMask's $mUSD Stablecoin Reaches $65M Supply After Week Launch


MetaMask's $mUSD stablecoin achieved $65 million in circulating supply within one week of its Sept. 15 launch. The rapid growth from approximately $15 million demonstrates strong initial market reception in the competitive stablecoin sector.


The #stablecoin utilizes Bridge, Stripe's platform, for issuance while leveraging M0's decentralized infrastructure for minting operations. Token backing maintains 1:1 ratios through high-quality, liquid dollar-equivalent assets including U.S. Treasury bills.


Initial trading data shows strong market demand with $62.6 million in 24-hour volume accompanying the $65.7 million market capitalization. The token's deployment includes liquidity incentives for providers participating in DeFi protocols and exchanges.


Total U.S. dollar-pegged stablecoin supply reached $279.8 billion as of Sunday, with $USDT commanding $172.3 billion in circulation. MetaMask's entry targets this expanding market through wallet-native integration and cross-chain functionality.


Analytics data reveals 88.2% of $mUSD deployment on Linea, with 11.8% remaining on $ETH mainnet as of Saturday. The distribution strategy emphasizes layer-2 scalability while maintaining mainnet accessibility for users.

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September 22, 2025 at 1:07 PM
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