Key Metrics
Fees 30d$48,900
Fees 30d by chain
Ethereum$27,678
Linea$21,222
Fees 7d$11,773
Ethereum$7,071
Linea$4,702
Fees 24h$1,445
Ethereum$933
Linea$512
Cumulative Fees$1.14m
Linea$674,154
Ethereum$467,828
Revenue 30d$48,900
Revenue 30d by chain
Ethereum$27,678
Linea$21,222
Revenue 7d$11,773
Ethereum$7,071
Linea$4,702
Revenue 24h$1,445
Ethereum$933
Linea$512
Cumulative Revenue$1.14m
Linea$674,154
Ethereum$467,828
Protocol Information
MetaMask USD (mUSD) is a self-custodial wallet-native stablecoin issued via Bridge and M0, fully backed by short-term Treasury and cash reserves, and integrated into MetaMask’s wallet for swaps, on-ramps, and spending
Methodology
Fees: Yield accrued by M backing MetaMask USD (mUSD), recognized on Linea when its M index updates.View code on GitHubRevenue: All accrued M yield is allocated to the mUSD yield recipient.View code on GitHubCompetitors
MetaMask USD history
Fees and revenue by UTC calendar month, Aug 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2025 | $273.12 | $273.12 |
| Sep 2025 | $101,036 | $101,036 |
| Oct 2025 | $209,959 | $209,959 |
| Nov 2025 | $79,029 | $79,029 |
| Dec 2025 | $68,989 | $68,989 |
| Jan 2026 | $67,505 | $67,505 |
| Feb 2026 | $58,067 | $58,067 |
| Mar 2026 | $74,370 | $74,370 |
| Apr 2026 | $86,029 | $86,029 |
| May 2026 | $91,486 | $91,486 |
| Jun 2026 | $90,270 | $90,270 |
| Jul 2026 | $68,354 | $68,354 |
| Aug 2026 | $52,611 | $52,611 |
| Sep 2026 | $43,660 | $43,660 |
| Oct 2026 | $50,344 | $50,344 |
| Nov 2026 (to date) | $1,445 | $1,445 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/metamask-usd
Frequently asked questions
How much has MetaMask USD generated in fees and revenue?
Over the past 30 days, MetaMask USD generated $48,900 in fees. Of that, $48,900 was protocol revenue. Based on the trailing year, the annualized rate is $830,714 in fees and $830,714 in revenue.
How does MetaMask USD's TVL compare to similar protocols?
Among Stablecoin Issuer protocols tracked by DefiLlama, MetaMask USD ranks #4 by TVL. The category holds $177.09m across 6 protocols, and MetaMask USD accounts for 0% of that total. Similar protocols include M0, Circle USDC, Tether, Paxos Stablecoin Issuer, and Ripple USD.