Ethereum co-founder and ConsenSys CEO Joseph Lubin has hinted that the long-awaited MetaMask token, MASK, might launch sooner than expected.
The announcement comes as MetaMask, one of the world’s most widely used crypto wallets, also introduces its own stablecoin, MetaMask USD (mUSD).
MASK Token May Arrive Sooner Than Expected
Rumors about a MetaMask token have circulated since 2021, but Lubin’s latest comments have revived excitement. In a recent interview, he said a MASK token is on the way, suggesting that its launch could be imminent.
Lubin said the MASK token will support decentralizing key MetaMask features, potentially giving users more say in governance and platform decisions.
If launched, MASK could offer rewards, voting power, and new use cases, giving the community more reasons to actively engage with MetaMask.
User Growth Strengthens the Case
MetaMask already has the scale to support a token launch. The wallet currently serves over 30 million monthly active users worldwide, making it the largest gateway to Ethereum-based applications.
Available as both a browser extension and mobile app, MetaMask allows users to connect to Ethereum and multiple compatible blockchains. Its massive user base makes the potential MASK token a candidate for rapid global adoption.
Earlier this year, Co-founder Dan Finlay confirmed that the MASK token would be promoted directly inside the wallet. This move ensures it gains visibility from day one. He also noted that the regulatory environment is more relaxed today, creating a safer space for token issuance.
ConsenSys Expands Its Ecosystem
MetaMask is a flagship product of ConsenSys, an Ethereum-focused software company also responsible for Infura, a core infrastructure provider for blockchain developers.
The firm powers activity across layer 2 solutions such as Linea. It also collaborates with networks like Base, collectively processing billions in transaction volume.
The MASK token could strengthen this ecosystem by linking users more tightly to ConsenSys services, while also distributing governance rights across the community.
MetaMask USD (mUSD) Joins the Stablecoin Race
Alongside token developments, MetaMask has released its own stablecoin, MetaMask USD (mUSD). Each mUSD is backed 1:1 by U.S. dollars or short-term Treasury assets. It is created through Bridge, a platform built in collaboration with Stripe, and relies on the M0 protocol to handle minting.
The new stablecoin is now live on the Ethereum mainnet and layer 2 network, Linea. Wallet users can immediately swap, send, store, or transfer mUSD across supported chains.
Additionally, MetaMask plans to integrate mUSD with its MetaMask Card, which integrates with Mastercard’s global network. This would enable users to spend mUSD at millions of merchants worldwide, turning the wallet into a tool for DeFi and real-world payments. The card integration is expected sometime this year.
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