Breaking: MetaMask & Stripe to Launch Game-Changing Stablecoin This Week

MetaMask just dropped a bombshell—its long-rumored stablecoin arrives this week, backed by fintech giant Stripe. The crypto wallet’s 30M+ users may soon bypass traditional banking entirely. Here’s why it matters.

Stripe’s infrastructure meets MetaMask’s distribution in what could be the most seamless fiat-to-crypto ramp yet. No more gas fee guesswork or exchange delays—just instant dollar-pegged transactions. TradFi banks, consider this your wake-up call.

But let’s be real—this isn’t charity. Stripe gets a foothold in DeFi, MetaMask cements its dominance, and we all get another centralized stablecoin wrapped in decentralization theater. At least the UX won’t suck.

TLDR

• MetaMask will launch its own stablecoin called mmUSD/mUSD as early as this week with support from Stripe’s Bridge and M^0 protocol
• The stablecoin will be backed by treasury management services from Blackstone and custody solutions
• This move allows MetaMask to capture yield from underlying stablecoin assets like U.S. Treasuries
• The stablecoin market currently sits at $280 billion with predictions to reach $750 billion by 2026
• MetaMask has over 30 million active monthly users and could integrate the stablecoin across its wallet services

MetaMask, the popular ethereum wallet provider, is set to announce its own U.S. dollar-pegged stablecoin as early as this week. The new token, referred to as both mmUSD and mUSD in different sources, represents the company’s entry into the rapidly growing stablecoin market.

The project emerged through a governance proposal that briefly appeared on Aave’s platform before being quickly deleted last week. Sources familiar with the matter confirm the stablecoin could become a live asset by the end of August 2025.

MetaMask has partnered with several major financial players for this initiative. The company is working with Bridge, the stablecoin payments facilitator acquired by Stripe for $1.1 billion last year. Bridge’s software platform helps businesses accept stablecoins as payments and aims to compete with traditional payment networks.

The wallet provider has also enlisted M^0, a stablecoin issuance protocol, to support the technical infrastructure. For treasury management and custody services, MetaMask has brought on Blackstone, the alternative asset management giant.

Strategic Revenue Opportunity

The move follows a common strategy among crypto platforms that hold large amounts of user funds in existing stablecoins like Tether’s USDT and Circle’s USDC. By launching their own stablecoin, these platforms can capture yield from the underlying assets that back the tokens.

These backing assets typically include short-term, highly liquid bonds such as U.S. Treasuries. This arrangement allows issuers to generate revenue from the interest earned on these securities while maintaining the dollar peg.

MetaMask operates one of the most widely used Ethereum wallets, with over 30 million active monthly users according to company data. The platform recently expanded its services through a collaboration with Aave, allowing users to generate yield from decentralized finance protocols directly through the mobile app.

Growing Stablecoin Market

The timing aligns with increased institutional interest in stablecoins following regulatory developments in the United States. Congress recently passed the GENIUS Act, providing clearer regulatory guidance for tokens pegged to the U.S. dollar value.

Major financial institutions have announced stablecoin projects in recent months. JPMorgan Chase and Bank of America have both revealed they are exploring stablecoin initiatives. Brokerage firm Robinhood has also announced plans to enter the space.

The current stablecoin market holds a $280 billion market capitalization. U.K. bank Standard Chartered projects this figure could reach $750 billion by the end of 2026, representing nearly triple the current size.

Circle’s recent successful public offering has demonstrated investor appetite for stablecoin-related investments. The company’s stock price surged nearly 675% in its first two weeks of trading, though it has since pulled back while remaining approximately 400% above its initial public offering price.

MetaMask’s parent company Consensys declined to comment on the timing or details of the potential stablecoin announcement. Stripe, Blackstone, and other partners involved in the project have not responded to requests for comment about the initiative.