A MetaMask governance proposal reveals plans to launch mmUSD with Stripe, integrating DeFi protocols like Aave and leveraging MetaMask’s 30 million users to rival established stablecoins like USDC and USDT.
A governance proposal from the MetaMask community outlines plans to launch the mmUSD stablecoin in partnership with Stripe, built on the M⁰ network for decentralized issuance and settlement. Targeted at MetaMask’s 30 million monthly active users, mmUSD is set to integrate with DeFi protocols such as Aave for lending, borrowing, and yield opportunities. This initiative follows MetaMask’s recent card launch with Baanx and Mastercard and comes amid a broader industry stablecoin surge following the GENIUS Act, although key details on reserve models and regulatory compliance remain unconfirmed.