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Record sog_st_metamask_musd

mUSDMetaMask USD

Also recorded as MetaMask USD, mUSD, $mUSD

Active

Lifecycle: Active
Issuance: Unknown
Reference target: US dollar
Primary organization: Bridge
No additional recorded relationship
Launch: 2025-09-15
Redemption: Issuer Redemption
Backing: Unknown
Stabilization: Issuer redemption
Last review: 2026-08-30
Evidence: 1 source record

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

MetaMask-native U.S.-dollar stablecoin issued by Bridge, powered by M0 and launched on Ethereum Mainnet and Linea with 1:1 short-term U.S. Treasury backing.

Name	MetaMask USD
Symbol	mUSD
Aliases	MetaMask USD, mUSD, $mUSD
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Unknown
Canonical record ID	`sog_st_metamask_musd`
Route slug	`metamask-musd`
Record confidence	High
Last reviewed	2026-08-30

Name: MetaMask USD
Symbol: mUSD
Aliases: MetaMask USD, mUSD, $mUSD
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Unknown
Canonical record ID: sog_st_metamask_musd
Route slug: metamask-musd
Record confidence: High
Last reviewed: 2026-08-30

Record coverage

Section	Entries
Organizations	1
Sources	1
Reserve reports	0
Reserve components	1
Model-history events	0
Regulatory notes	0
Deployments	2
Issuer-control actions	0
Open questions	1
Events	1

Material concerns

What the reviewed record does not let you assume

Active status and verified evidence are not safety endorsements. Unknown means the reviewed record does not support a stronger conclusion.

Reserve verification: Not independently evidenced in the registry
Material known unknowns: 1 open
Yield / incentive mechanics: External Rewards

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Bridge
Primary display role: Legal issuer
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 2 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 2 not recorded
Deployment control-event references: 1
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Bridge	Digital-asset service or infrastructure provider	Regulated digital-asset service provider	United States	Legal issuer	Primary display	2025-09-15	Not yet recorded	Active relationship

Digital-asset service or infrastructure provider

Bridge

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Regulated digital-asset service provider
Jurisdiction: United States
From: 2025-09-15
Until: Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: US dollar
Public backing model: Unknown
Primary stabilization mechanism: Issuer redemption
Redemption / exit model: Issuer Redemption
Valuation source: Public information is incomplete
Yield / rebase profile: External Rewards · Accrual: Holder

Classification and mechanism details

Reference kind: Fiat
Comparison category: US dollar
Target value: 1
Reference methodology: MetaMask states mUSD is backed 1:1 by dollar-equivalent assets and is its official USD stablecoin.
Canonical backing types: Government Securities
Reserve component categories: Government Securities
Recorded model description: Short Term Us Treasury Backed
Classification notes: Bridge issuance, M0 infrastructure and 1:1 short-term Treasury backing are established by MetaMask primary sources.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Short-term U.S. Treasury bills backing mUSD 1:1Government Securities · 100% · MetaMask states every mUSD in circulation is backed 1:1 by short-term U.S. Treasury bills; exact custodial allocation remains under review.

Reserve profile

Disclosure status	Primary 1 to 1 Backing Disclosure
Backing types	Government Securities
Summary	MetaMask states every mUSD in circulation is backed 1:1 by short-term U.S. Treasury bills / high-quality liquid dollar-equivalent assets under Bridge issuance infrastructure.
As of	2025-09-15
Profile confidence	High

Disclosure status: Primary 1 to 1 Backing Disclosure
Backing types: Government Securities
Summary: MetaMask states every mUSD in circulation is backed 1:1 by short-term U.S. Treasury bills / high-quality liquid dollar-equivalent assets under Bridge issuance infrastructure.
As of: 2025-09-15
Profile confidence: High

Redemption profile

Current status	Supported Product Flows
Settlement asset	USD-linked supported flows
Eligible parties	Eligible users through supported MetaMask and issuer ecosystem routes.
Retail access	Available In Eligible Regions
Institutional access	not established
Minimum amount	Unknown after review
Fee	Unknown after review
Settlement time	Unknown after review
Regional limits	Eligible Region and Product Route Requirements Apply

Current status: Supported Product Flows
Settlement asset: USD-linked supported flows
Eligible parties: Eligible users through supported MetaMask and issuer ecosystem routes.
Retail access: Available In Eligible Regions
Institutional access: not established
Minimum amount: Unknown after review
Fee: Unknown after review
Settlement time: Unknown after review
Regional limits: Eligible Region and Product Route Requirements Apply

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
No reserve reports have been added yet.

No reserve reports have been added yet.

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
Ethereum	ERC-20	Issuer- or institution-supported deployment	Active	0xacA92E438df0B2401fF60dA7E4337B687a2435DA
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Issuer Native Token Recorded status Active Change or proposal state No separate change state recorded Canonicality Issuer-native deployment Canonicality record state Canonicality recorded Verification state Identifier recorded; verification not recorded Contract identity state Identifier recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 1 Notes MetaMask's current official mUSD page publishes this contract address; MetaMask launch material identifies Bridge issuance and M0 infrastructure.
Linea	ERC-20	Issuer- or institution-supported deployment	Active	Identifier not recorded
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Issuer Native Token Recorded status Active Change or proposal state No separate change state recorded Canonicality Issuer-native deployment Canonicality record state Canonicality recorded Verification state Source-linked record; identifier not recorded Contract identity state Identifier not recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 1 Notes MetaMask launch material establishes Linea support. Exact Linea contract identity and current control roles require additional primary capture.

Network

Ethereum

Active

Standard: ERC-20
Deployment type: Issuer- or institution-supported deployment
Contract or identifier: 0xacA92E438df0B2401fF60dA7E4337B687a2435DA

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Issuer Native Token
Recorded status: Active
Change or proposal state: No separate change state recorded
Canonicality: Issuer-native deployment
Canonicality record state: Canonicality recorded
Verification state: Identifier recorded; verification not recorded
Contract identity state: Identifier recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 1
Notes: MetaMask's current official mUSD page publishes this contract address; MetaMask launch material identifies Bridge issuance and M0 infrastructure.

Network

Linea

Active

Standard: ERC-20
Deployment type: Issuer- or institution-supported deployment
Contract or identifier: Identifier not recorded

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Issuer Native Token
Recorded status: Active
Change or proposal state: No separate change state recorded
Canonicality: Issuer-native deployment
Canonicality record state: Canonicality recorded
Verification state: Source-linked record; identifier not recorded
Contract identity state: Identifier not recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 1
Notes: MetaMask launch material establishes Linea support. Exact Linea contract identity and current control roles require additional primary capture.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

1 source identity · 1 evidence relation
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Introducing MetaMask USD, our new stablecoin Published 2025-09-15	MetaMask	Official statement or announcement Canonical: Official Announcement	Subject-controlled source	Primary source	Identity, Issuer, Launch, Backing, Redemption, Deployment, Musd Identity Bridge Issuer Launch Treasury Backing Ethereum Linea	Archive index or wildcard	High

Official statement or announcement

Introducing MetaMask USD, our new stablecoin

High

Publisher: MetaMask
Published: 2025-09-15
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Identity, Issuer, Launch, Backing, Redemption, Deployment, Musd Identity Bridge Issuer Launch Treasury Backing Ethereum Linea
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Direct Redemption Terms Linea Identity Reserve Custody and Controls	MetaMask establishes mUSD identity, Bridge issuance, M0 infrastructure, 1:1 short-term Treasury backing and Ethereum/Linea availability, but complete direct issuer-redemption terms, Linea contract identity, reserve custody details and current control roles are not established here.	Unknown after review	Medium	2026-08-30

Direct Redemption Terms Linea Identity Reserve Custody and Controls

MetaMask establishes mUSD identity, Bridge issuance, M0 infrastructure, 1:1 short-term Treasury backing and Ethereum/Linea availability, but complete direct issuer-redemption terms, Linea contract identity, reserve custody details and current control roles are not established here.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-08-30

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

No separate model-change event is currently recorded.

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2025-09-15	MetaMask USD becomes available	Launch and introduction	Launch	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.