The post MetaMask Is Set to Unveil Plans for New Stablecoin: Source appeared on BitcoinEthereumNews.com.

In brief Ethereum wallet provider MetaMask will team up with payments services provider Stripe, according to a since-deleted governance proposal. A number of major financial services organizations and others are working on stablecoin initiatives or weighing them. U.K. bank Standard Chartered has predicted that the stablecoin market could reach $750 million by the end of 2026, roughly triple its current size. A MetaMask stablecoin could debut as early as Thursday, a source knowledgeable of the initiative confirmed to Decrypt.  The Ethereum wallet provider, which will team up with payment services provider Stripe, will introduce the mmUSD stablecoin as the main trading pair for its various services, according to an Aave governance proposal that appeared last week but was subsequently deleted. DLNews first reported on the deleted proposal. Stablecoin platform M^0 is reportedly supporting the effort. MetaMask’s mmUSD comes as interest in stablecoins soars, the result of a more favorable U.S. regulatory environment, the tokens’ growing acknowledgement by traditional finance firms and the dramatically successful public offering by stablecoin issuer Circle, which rose nearly 675% in its first two weeks of trading. (Circle has lost a good portion of those gains but is still nearly 400% above its IPO price.)  Last month, Congress passed the GENIUS Act, which provides regulatory guidance for the tokens that are generally pegged to the value of the U.S. dollar. Multiple companies in recent months have announced stablecoin projects or said that they were exploring them, including banking giants JP Morgan Chase and Bank of America, and brokerage Robinhood. The stablecoin market currently holds a $280 billion market cap, although U.K. bank Standard Chartered has predicted that total could reach $750 billion by the end of 2026. Ethereum software developer Consensys, which counts MetaMask among its projects, told Decrypt in an email that “it had…

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Filed under: News - @ August 14, 2025 2:23 am