Media: Metamask to launch mmUSD stablecoin with Stripe

According to the developers’ plan, mmUSD will become a central element of the crypto wallet ecosystem

Media: Metamask to launch dollar-pegged stablecoin in partnership with Stripe

06.08.2025 - 14:20

329

3 min

What’s new? The MetaMask non-custodial crypto wallet team plans to launch its dollar-pegged stablecoin mmUSD in collaboration with payment company Stripe. According to the developers’ plan, the asset will become a key element of the Metamask ecosystem, as it will be a highly liquid base currency natively integrated into all services.

Source: X.com

What else is known? The asset will use Stripe’s existing financial infrastructure to connect traditional finance with DeFi platforms. The payment company will act as the issuer of mmUSD, using the M^0 Network for issuance and settlements.

It is expected that mmUSD will reduce transaction volatility and increase the usability of altcoins.

Fidelity National Information Services will launch USDC payments in partnership with Circle

The service will be available to financial institutions in the US

The proposal to launch a stablecoin came after Metamask introduced its cryptocurrency payment card in partnership with Baanx and Mastercard.

This card directly links existing stablecoins to traditional payment systems, while allowing users to retain sole control over their own assets without intermediaries such as banks.

At the time, Baanx Chief Commercial Officer Simon Jones noted that the gap between cryptocurrency and traditional finance is being bridged by “non-custodial neobanking.”

Stablecoin licensing regime comes into effect in Hong Kong

Issuers of fiat-pegged assets must obtain a license from the Central Bank

In May, Metamask co-founder Dan Finley said that the team was still considering launching its own token. This possibility has been under discussion since 2021.

By the end of May, Metamask had added support for the Solana blockchain, with Bitcoin integration planned for the third quarter.

In June, the online store creation platform Shopify launched payments in USDC stablecoins from Circle in partnership with MetaMask and the Coinbase exchange.

Earlier, analysts discovered more than 40 malicious extensions in the Firefox browser disguised as well-known crypto wallets, including MetaMask, Trust Wallet, Phantom, Coinbase, Exodus, and OKX.

Author: