MetaMask and Stripe Launch mmUSD to Rival USDC and USDT

Published: 2025-08-06 17:27:17 |

MetaMask and Stripe have teamed up to launch mmUSD, a US dollar–pegged stablecoin leveraging Stripe’s financial infrastructure and Stripe Bridge. Settled on the off-chain M⁰ network, mmUSD aims to deliver rapid, scalable transactions with high liquidity. Integrated into MetaMask’s 30 million+ user wallet, mmUSD supports altcoin swaps, DeFi lending and yield farming via Aave v3 pools on Ethereum and Linea. Positioned to rival leading stablecoins USDC and USDT in the $250 billion market, mmUSD offers on-chain regulatory compliance, fiat on-ramps, minimized volatility and a Seed Vault security mechanism. Benefiting from clear frameworks like the GENIUS Act, mmUSD reinforces the digital dollar’s dominance and boosts merchant payments and DeFi adoption.

Bullish

The collaboration between MetaMask and Stripe on mmUSD is bullish for the stablecoin market. In the short term, the launch will likely drive trading volume and liquidity as 30 million+ MetaMask users gain access to fast, compliant on-chain payments and DeFi services. Over the long term, mmUSD’s integration with Aave v3 pools, Stripe Bridge infrastructure and regulatory clarity under the GENIUS Act could capture market share from USDC and USDT, reinforcing digital dollar dominance and expanding DeFi adoption.