MetaMask is preparing to launch a new stablecoin called mmUSD in collaboration with Stripe

According to a source, the cryptocurrency wallet #MetaMask is preparing to launch a new stablecoin named mmUSD, in partnership with the payment company Stripe. The proposal for this stablecoin appeared in a governance document of Aave before being removed, indicating that this is a serious project with the involvement of multiple parties.

Context of the launch and strategic partners

The introduction of stablecoin #mmUSD by MetaMask, a cryptocurrency wallet with over 100 million users, comes amid a rapidly growing stablecoin market. The regulatory environment in the U.S. has become more favorable after the passage of the GENIUS Act, along with increasing acceptance from traditional financial institutions such as JPMorgan Chase and Bank of America.

The mmUSD stablecoin is expected to be used as a primary trading pair on MetaMask's services. The collaboration with Stripe, a company that has acquired the stablecoin Bridge platform, demonstrates MetaMask's vision to deeply integrate stablecoins into payment and financial services.

Market predictions and new moves

Analysts are optimistic about the future of stablecoins, with Standard Chartered Bank predicting that this market could reach $750 billion by the end of 2026. In addition to launching the stablecoin, MetaMask is also actively expanding its DeFi services, such as integration with $AAVE

so that users can generate profits from liquidity protocols.