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Metamask plans to jointly issue the stablecoin "Metamask USD" with Stripe.
On August 6, according to the governance proposal, MetaMask plans to collaborate with Stripe to launch a stablecoin called "MetaMask USD (mmUSD)". This stablecoin will be issued by Stripe but will utilize the "M^0" network for off-chain issuance and Settlement. This stablecoin will be crafted as a core asset of the MetaMask ecosystem and will be natively integrated into various services of MetaMask. Currently, neither MetaMask nor Stripe has provided official confirmation, and there is very limited information regarding the structure of the stablecoin, the launch timeline, or regulatory details.