MetaMask & Stripe to Launch mmUSD via Off-Chain Settlement
MetaMask is reportedly collaborating with payment giant Stripe to launch a new stablecoin called mmUSD. According to a leaked Aggr News screenshot, Stripe would issue mmUSD, while MetaMask integrates it into its wallet with over 30 million active users. The stablecoin is expected to use an M^0 off-chain settlement framework that handles trade matching and clearing off-chain before recording final transactions on-chain. This design aims to lower transaction fees, reduce network congestion, and offer confirmation times comparable to traditional card payments. The framework also includes built-in KYC, AML, and reserve auditing modules to support compliance with evolving regulations. While neither MetaMask nor Stripe has officially confirmed the plan, mmUSD could reshape the stablecoin market by offering a regulated, efficient alternative to competitors like USDC and DAI.
Bullish
The news that MetaMask and Stripe are planning to launch mmUSD is likely to be bullish for the crypto market. A regulated stablecoin backed by a major payment provider could enhance liquidity and lower transaction costs, boosting DeFi activity. Similar launches, such as USDC by Circle and Coinbase, have driven increased market stability and trust. In the short term, price impacts may be limited due to the rumor’s unconfirmed status. However, if the partnership materializes, mmUSD’s off-chain settlement framework and built-in compliance features could attract institutional flows and pave the way for broader mainstream adoption, supporting long-term bullish sentiment.