A governance proposal circulating in MetaMask’s community forums on 5 August outlines plans for a dollar-pegged stablecoin dubbed “MetaMask USD.” The document says the token would be issued and managed by payments company Stripe, rather than by ConsenSys, the developer behind MetaMask. Details on launch timing, regulatory approvals and user distribution have not been disclosed, and the proposal specifies that current wallet holders should not expect an airdrop or other direct financial benefit. If implemented, the product would move one of the most widely used self-custody crypto wallets into direct competition with established stablecoins such as Tether’s USDT and Circle’s USDC. A partnership with Stripe would mark the payments firm’s latest expansion into digital-asset infrastructure, following its earlier support for stablecoin settlements and on-ramp services.