MetaMask Launches Crypto mmUSD with Stripe & M⁰

Introduction

MetaMask, the world’s most popular Web3 wallet, is preparing to launch its own stablecoin called mmUSD. This milestone marks a significant step forward, taking MetaMask deeper into the decentralized finance (DeFi) sector with the support of Stripe, the M⁰ network, and Baanx/Mastercard.

Strategic Partnerships

Stripe will serve as the issuer of mmUSD, a USD-backed stablecoin, ensuring regulatory compliance and global operational capacity. The M⁰ network will provide the infrastructure for off-chain issuance and on-chain redemption, helping mmUSD maintain high transaction speed and reliability. MetaMask’s earlier partnership with Baanx and Mastercard to release a crypto card shows its ongoing efforts to expand its financial ecosystem.

DeFi Ecosystem Integration

mmUSD will be directly integrated into MetaMask’s core services such as Swap, Buy/Sell, and Earn. In addition, mmUSD may become a primary asset in Aave v3 liquidity pools on Ethereum and Linea, expanding its utility within the DeFi community.

Distribution Advantage

With over 30 million current MetaMask wallet users, mmUSD will be rolled out to a massive user base immediately upon launch. This provides a competitive edge over new stablecoins, which typically face challenges in scaling their initial user network.

Market Context and Legal Factors

The global stablecoin market currently exceeds $250 billion in market capitalization and continues to grow rapidly. The launch of mmUSD comes shortly after the U.S. passed the GENIUS Act — a law providing a clear regulatory framework for stablecoins — making it easier for new projects like mmUSD to operate. Experts also note that stablecoins help strengthen the global influence of the U.S. dollar.

Confirmation Status

At present, information about mmUSD originates from a leaked internal governance proposal. MetaMask and Stripe have not officially announced the launch date, reserve mechanism, or audit process. However, signs of partnerships and supporting infrastructure suggest the project is in its final preparation stages.

Conclusion

If launched, mmUSD could transform MetaMask from a simple Web3 wallet into a comprehensive decentralized financial platform. With strong strategic partnerships and a massive user base, mmUSD has the potential to become a formidable competitor in the stablecoin market.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.