MetaMask to Launch mmUSD Stablecoin in Partnership with Stripe

Highlights:

• MetaMask may launch mmUSD with Stripe to make crypto and bank transfers easier.
• mmUSD will work across MetaMask and DeFi apps like Aave for earning and use.
• Stablecoins are growing fast and helping the US dollar spread around the world.

MetaMask may soon launch its own stablecoin, MetaMask USD (mmUSD), in collaboration with Stripe, according to a recent governance proposal. The stablecoin would be pegged to the US dollar and fully integrated into MetaMask’s suite of decentralized tools. This new stablecoin could challenge well-known tokens like USDC and USDT. MetaMask plans to use Stripe’s payment system to make moving money between regular banks and blockchain easier and faster. 

mmUSD stablecoin will be easy to buy and sell because it will work smoothly with all MetaMask tools. It will use a technology called the M⁰ network to make transactions faster and handle many trades efficiently, even if some parts happen outside the main blockchain. MetaMask has over 30 million monthly users and is one of Web3’s top non-custodial wallets. The upcoming mmUSD stablecoin is expected to become the main currency used throughout the MetaMask ecosystem. It will also connect with DeFi platforms like Aave to offer lending, borrowing, and earning opportunities.

METAMASK TO INTRODUCE "METAMASK USD" STABLECOIN ISSUED BY STRIPE: GOV PROPOSAL pic.twitter.com/Vj7xCp19GZ

— Aggr News (@AggrNews) August 5, 2025

Stablecoins Grow Worldwide

The success of this stablecoin depends on how many people start using it and how well it keeps its value steady. Right now, neither MetaMask nor Stripe has officially confirmed the project, and details about how the stablecoin will work, when it will launch, or regulatory issues are still unclear. But it wouldn’t be surprising if it is really happening. Stablecoins have quickly become one of the fastest-growing uses in crypto. Today, more than $250 billion in stablecoins are in circulation, a huge increase from just a few billion in 2020. Currently, around 20 million wallet addresses are actively using stablecoins on public blockchain networks.

Even Christopher Waller, a Federal Reserve Governor, has recognized their importance. Waller pointed out that around 99% of stablecoins are tied to the US dollar. This means that instead of moving away from the dollar, crypto is actually helping spread its use around the world. Brian Brooks, former U.S. Comptroller of the Currency, stated that stablecoins could support the U.S. dollar’s position as the world’s leading currency by making it more accessible and easier to use on a global scale.

MetaMask Expands Crypto Use with New Card and Stablecoin Initiative

MetaMask’s plan to launch a stablecoin comes shortly after the company announced its new card in partnership with Baanx and Mastercard. The company stated that this card allows users to pay with crypto directly—no extra steps, no banks involved, no hidden charges, and no need for top-ups. This move is seen as a major step forward. It connects stablecoins to regular payment systems while still keeping full control in the hands of users, which is the core idea behind self-custody in crypto. 

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— MetaMask.eth 🦊 (@MetaMask) August 5, 2025