TechFlow, August 6 — According to a governance proposal, MetaMask is planning to collaborate with Stripe to launch a stablecoin called MetaMask USD (mmUSD). The stablecoin will be issued by Stripe but will leverage the M^0 network for issuance and settlement.
mmUSD aims to become a cornerstone asset within the MetaMask ecosystem and will be natively integrated into multiple MetaMask features, including wallet, trading, buying, selling, and yield. Positioned as a neutral and highly liquid base currency, mmUSD seeks to enhance stablecoin liquidity and optimize the decentralized finance user experience. As of now, neither MetaMask nor Stripe has provided official confirmation.
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