Rumors of MetaMask launching its own stablecoin have spread online

Rumors about the launch of the MetaMask USD stablecoin have appeared online.
It was assumed that the issuance and processing of transactions would be provided by the payment giant Stripe.
A proposal for a new MetaMask product appeared on the Aave Governance forum, but was later removed.
Claims have appeared on the X social network (formerly Twitter) that MetaMask is considering launching its own mmUSD stablecoin. The product is allegedly being developed jointly with the payment operator Stripe.

Discussion of the initiative first appeared on the Aave Governance forum. This is a site where the local community considers ideas related to the development of a DeFi project and ecosystem integrations. Among other things, on August 5, 2025, a proposal from the TokenLogic initiative group appeared on the site to add mmUSD to the Aave v3 pools on Ethereum and Linea.

However, this publication subsequently disappeared from the forum. Now the only confirmation of it is a screenshot of the proposal, which is spreading on social networks.

According to the source, mmUSD was conceived as a tool to facilitate interaction between MetaMask users and the blockchain. Its key feature was to be integration with Stripe infrastructure, which would ensure regulatory compliance and reduce transaction costs.

The idea attracted interest in the community, as cooperation with the payment giant could bridge the gap between the traditional financial system and decentralized platforms. Thanks to MetaMask's wide user base, the new asset would have the potential to quickly enter the market, some experts believe.

Particular attention was paid to the Seed Vault mechanism and the possibility of more secure storage of digital assets. It was assumed that mmUSD would allow transactions in DeFi, payment for goods and services, as well as transfers with convenience close to traditional online payments.

At the same time, the launch of such a product is accompanied by significant risks. Experts note that the launch of a new stablecoin would face high competition from established players and an uncertain position of regulators regarding such initiatives.

Despite the lack of official confirmation and the removal of the original proposal, the news continues to be actively discussed in the crypto community. At the same time, representatives of MetaMask and Stripe did not comment on rumors about the development of the product.

MetaMask previously launched the Stablecoin Earn feature. It allows users to earn profits on deposits in USDC, USDT or DAI stablecoins directly through the application, without having to go to third-party platforms.
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Recall that we wrote that Consensys CEO and Ethereum co-founder Joseph Lubin answered a question about the MetaMask token.