MetaMask & Stripe Teaming Up for a Stablecoin? Here’s What We Know

Rumors are swirling that MetaMask might be diving into stablecoins—with payments giant Stripe as its partner. If true, this could shake up crypto's on-ramp problem overnight.

Why it matters: Stablecoins are the bridge between fiat and DeFi. MetaMask's 30M+ users could get seamless access—no more gas-gouging CEX middlemen.

The cynical take: Another 'partnership' that juices token prices before quietly fizzling out? In crypto, trust—but verify.

The idea is simple: create a stable, liquid currency that works seamlessly across all of MetaMask’s features, whether it’s swapping tokens or making payments. If it gains traction, mmUSD could become the default currency for millions of users.

There’s no official word yet from MetaMask or Stripe, but the proposal clearly shows how fast the stablecoin space is heating up. With over $250 billion in stablecoins currently in circulation, up from just single-digit billions in 2020, the asset class has become one of crypto’s strongest pillars. 

Nearly 99% of these are dollar-pegged, a dynamic even acknowledged by Federal Reserve Governor Christopher Waller, who noted that stablecoins may help extend global dollar influence rather than reduce it.

The mmUSD news also follows MetaMask’s recent rollout of a crypto-linked debit card, built in partnership with Mastercard and Baanx. The card allows users to spend crypto directly from their MetaMask wallet, without requiring bank involvement or manual top-ups.

Speaking about the card rollout, Baanx CCO Simon Jones said the aim was to create a “non-custodial neobanking” experience that combines blockchain principles with everyday payments.

If mmUSD moves forward, it would mark a major step in MetaMask’s effort to become more than just a Web3 wallet, evolving into a full-scale financial interface for crypto users around the world.

Also Read: Ripple and BDACS Launch XRP Custody in South Korea