MetaMask & Stripe go Launch mmUSD through Off-Chain Settlement
MetaMask dem dey work wit payment giant Stripe to launch new stablecoin wey dem call mmUSD. According to one leaked Aggr News screenshot, Stripe go issue mmUSD, meanwhile MetaMask go put am for dia wallet wey get over 30 million active users. The stablecoin go use M^0 off-chain settlement framework wey dey handle trade matching and clearing off-chain before dem record the final transaction on-chain. Dis design dey aim to reduce transaction fees, ease network congestion, and make confirmation time like traditional card payment. The framework also get built-in KYC, AML, and reserve auditing modules to make sure dem fit comply with new regulations. Even though MetaMask nor Stripe never officially confirm the plan, mmUSD fit change the stablecoin market by offering regulated and efficient alternative to competitors like USDC and DAI.
Bullish
Di news say MetaMask and Stripe dey plan to drop mmUSD fit make crypto market dey rise. One stablecoin wey regulated and get backing from big payment company fit make market money waka easy and reduce how much person go pay for transaction, e go boost DeFi activity. Like how USDC wey Circle and Coinbase do, e make market strong and people trust am more. Short term, price no go too move as dem never confirm di rumour. But if di partnership happen, mmUSD off-chain system and compliance things go draw big companies money and fit make normal people start to use am well well, e go support long time good vibe.