MetaMask, the popular crypto wallet, is reportedly preparing to enter the stablecoin space with a new token called MetaMask USD (mmUSD). Even more surprisingly, the project is said to involve Stripe as a key partner.

According to a governance proposal, the new stablecoin would become the core digital currency across the MetaMask ecosystem, aiming to increase transaction stability, improve altcoin usability, and leverage Stripe’s financial infrastructure to bridge traditional finance with the DeFi world.

🌐 mmUSD to Become MetaMask's New Standard?

The proposed stablecoin would be issued by Stripe and settled through the M^0 network, with native integration across MetaMask services. It’s set to become a highly liquid foundational asset within their ecosystem.

Although neither MetaMask nor Stripe has officially confirmed the project yet, the governance proposal indicates that a major move into the stablecoin sector is underway.

📈 Stablecoins Are Booming – and MetaMask Knows It

Stablecoins are currently the fastest-growing category in crypto, with over $250 billion in circulation – a dramatic leap from just a few billion in 2020.

Federal Reserve Governor Christopher Waller recently noted that 99% of stablecoin market cap is tied to the U.S. dollar, reinforcing the idea that cryptocurrencies are boosting the global use of the dollar, rather than threatening it.

Even Brian Brooks, former U.S. Comptroller of the Currency, believes that stablecoins can help maintain the dollar’s status as the world’s reserve currency by making it globally accessible without bank accounts.

💳 MetaMask Card Opened the Door

Talks of the stablecoin come shortly after MetaMask announced its debit card, launched in partnership with Baanx and Mastercard. This card allows users to spend crypto directly without intermediaries, top-ups, or banks.

Simon Jones from Baanx described the move as a breakthrough between the worlds of traditional trading and crypto. The concept is based on "non-custodial neobanking", preserving full control of assets for the user.

“We’ve built a coalition around us – from partnerships with Mastercard and Visa to issuing platforms. We connect blockchain directly to the end user,” said Jones.

#MetaMask , #Stablecoins , #defi , #Web3 , #CryptoNews

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