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MetaMask is reportedly preparing to launch a new stablecoin, mmUSD, in partnership with Stripe.
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The token would be integrated as the main trading pair for MetaMask services.
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The launch could happen as early as Thursday.
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The move comes amid rapid growth in the stablecoin market.
A Strategic Stablecoin Push
Ethereum wallet provider MetaMask is working with Stripe to launch mmUSD, according to a governance proposal briefly posted on Aave’s forums before being deleted. Stablecoin platform M^0 is also reportedly involved.
The mmUSD token would be used across MetaMask’s services, potentially strengthening its position in the growing stablecoin market, currently valued at $280 billion.
Rising Stablecoin Demand
The launch comes after the U.S. passed the GENIUS Act, which provides regulatory clarity for stablecoins. Major financial institutions, including JPMorgan, Bank of America, and Robinhood, are also exploring stablecoin products. Standard Chartered predicts the market could reach $750 billion by the end of 2026.
MetaMask’s Expanding Services
MetaMask recently partnered with Aave to allow users to earn yield on assets like USDC, USDT, and DAI directly through its app. With 100 million users, MetaMask is one of the most widely used crypto wallets, and the mmUSD launch could significantly expand its role in payments and DeFi.
