The cryptocurrency community is actively discussing the potential launch of a new stablecoin from MetaMask – mmUSD. According to reports circulating on social media platform X, the company MetaMask is allegedly considering the creation of its own digital currency in collaboration with the well-known payment operator Stripe.
This is reported by Finway
Rumors about mmUSD: Details and Proposal on Aave Forum
Information about the potential launch of mmUSD first appeared on the Aave Governance forum, where the development of DeFi projects and integrations is discussed. On August 5, 2025, the initiative group TokenLogic proposed adding mmUSD to the Aave v3 pools on the Ethereum and Linea blockchains. However, this proposal was soon removed, with only a screenshot circulating on social media as evidence of its existence.
“Claims have emerged on social media platform X (formerly Twitter) that the company MetaMask is considering the possibility of launching its own stablecoin mmUSD. The product is reportedly being developed in collaboration with payment operator Stripe”.
Potential and Risks of the New Stablecoin
According to information from open sources, mmUSD is expected to facilitate user interactions with the blockchain for MetaMask users. One of the main advantages is the integration with Stripe’s infrastructure, which could lower transaction costs and ensure compliance with regulatory requirements. Experts note that due to MetaMask’s large audience, the new stablecoin could quickly gain popularity in the market.
Particular attention is given to the potential use of the Seed Vault mechanism for enhanced security in storing digital assets. If mmUSD is launched, users would be able to conduct DeFi transactions, pay for goods and services, and transfer funds with a level of convenience comparable to traditional payment systems.
However, the launch of the new stablecoin comes with a number of risks. In particular, competition with established market players and regulatory uncertainty could impact its prospects. At the same time, there has been no official confirmation from MetaMask and Stripe, and the proposal itself has been removed from public access.
Currently, discussions about the possible development of mmUSD continue among members of the cryptocurrency community. Representatives from MetaMask and Stripe have not commented on the situation.
Previously, MetaMask added the Stablecoin Earn feature, which allows users to earn profits from deposits in stablecoins USDC, USDT, or DAI directly through the app. This service is implemented in partnership with the decentralized lending protocol Aave.
It is worth noting that Joseph Lubin, CEO of Consensys and co-founder of Ethereum, recently also responded to questions about the potential launch of a MetaMask token.