MetaMask USD

MetaMask USD (MUSD) is a fiat-backed stablecoin issued by MetaMask, designed to hold a value of one US dollar at all times. It is built for people who use MetaMask products and want a way to move money between crypto networks and traditional payment rails without friction. Its stated purposes include low-cost transfers, instant settlement, and spending through tools such as the MetaMask Card.

MUSD is a fiat-backed stablecoin, meaning each token in circulation is intended to be supported by an equivalent amount of US dollars or dollar-equivalent reserves held by the issuer. The token operates across supported blockchain networks, including those in the Linea and Monad ecosystems, enabling transfers and payments within MetaMask's product suite. No consensus algorithm or block time is recorded for this asset, which reflects its nature as an issued token rather than a base-layer network asset.

No fee stream or revenue mechanism is described in the data stored for MUSD, which is common for fiat-backed stablecoins whose economics typically sit with the issuer rather than on-chain. Because there is no recorded fee structure here, fee-based performance measures used elsewhere on this site are not applicable to this asset. The circulating stablecoin supply stands at 25,901,425.27 tokens on a point-in-time basis, and that supply changed by negative 9.12 percent over the last 30 days, meaning the total number of tokens outstanding contracted during that period.