Stabilized aqueous acrylic dulling agent that confers excellent matting and clarity to leather finishes. At lower usage levels, the product can perform as the sole duller in finishing formulations, complementing exceptional soft-touch aesthetics, clarity, and burnish resistance conferred by complementary product chemistries. At lower levels, it is effective in combination with conventional silica dullers, imparting very low gloss and high abrasive wear resistance.