Profile
MUSD profile facts
MetaMask USD (MUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Variant relationship
MetaMask USD (MUSD) is modeled as a pure wrapper variant of M by M0 (M). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
Other coins using the MUSD ticker
- Mezo USD (MUSD) · Active · US Dollar. MUSD is Mezo's BTC-only overcollateralized stablecoin on Mezo's Bitcoin L2.
- Collateral
- Cash and short-term U.S. Treasury securities held in bankruptcy-remote custody, issued by Bridge (a Stripe company) using the M0 protocol
- Peg mechanism
- 1:1 mint and redemption via Bridge using M0 protocol infrastructure; reserves validated on-chain by independent validators; approved M0 wrapping and unwrapping routes support arbitrage; MetaMask states that the independent attestation history is still being built.
- Jurisdiction
- United States
- Proof of reserves
- Real-Time PoR by M0 Protocol Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
MUSD quick answers
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What is MetaMask USD (MUSD)?
MetaMask USD is a Bridge-issued (Stripe) dollar stablecoin on M0 protocol, backed by short-dated U.S. T-bills and cash with on-chain Validator attestations. The static profile records its US Dollar peg mechanism as: 1:1 mint and redemption via Bridge using M0 protocol infrastructure; reserves validated on-chain by independent validators; approved M0 wrapping and unwrapping routes support arbitrage; MetaMask states that the independent attestation history is still being built.
Is MUSD safe?
As of Oct 24, 2026, Pharos grades MUSD C- (53/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs MUSD?
Pharos records MUSD's reserves as of Sep 29, 2026 as 100% M token held by MetaMask mUSD. Reserve evidence: Real-Time PoR by M0 Protocol. Pharos classifies the backing as Real-World Asset Backed.
Can MUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem MUSD?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem MUSD for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
