MetaWallet (MetaMask) Prepares to Reveal Plans for Emerging Stable Coin - According to Reports
The world of digital assets is abuzz with excitement as the market for stablecoins, digital assets pegged to the value of a stable currency like the US dollar, is expected to experience significant growth in the coming years. According to a report by Standard Chartered, the market capitalization of Ethereum stablecoins is projected to reach an impressive $750 billion by the end of 2026.
This prediction was made in the context of the recent passage of the GENIUS Act, a landmark piece of legislation that provides clearer regulatory frameworks for stablecoins. The Act, passed in July 2025, is seen as a major catalyst for stablecoin growth, particularly on Ethereum, where over half of all stablecoins are issued.
Standard Chartered anticipates an eightfold growth of the overall stablecoin sector to $2 trillion by 2028, with Ethereum playing a dominant role in this expansion. Compared to JPMorgan’s estimate of $500 billion by 2028, Standard Chartered’s $750 billion forecast for late 2026 highlights its more optimistic outlook on Ethereum stablecoins specifically.
The increased interest in stablecoins can be attributed to a more favorable U.S. regulatory environment, growing acceptance by traditional finance firms, and successful public offerings like Circle. Multiple companies, including banking giants JP Morgan Chase and Bank of America, and brokerage Robinhood, have announced stablecoin projects or are exploring them.
One of the most anticipated stablecoin launches is MetaMask's mmUSD, set to debut as early as this week. MetaMask, an Ethereum wallet provider, is planning to introduce the mmUSD stablecoin, which will be the main trading pair for MetaMask's various services. Users can access USDC, USDT, and DAI yields through the integration, and it marks MetaMask Earn's first step into DeFi lending.
Stripe, the payment processing giant, acquired stablecoin platform Bridge for a reported $1.1 billion last year. Bridge's software platform allows businesses to accept stablecoins as payments and hopes to rival global payments networks like Swift, Mastercard, and Visa.
The collaboration between MetaMask and Aave, a decentralized liquidity protocol, enables wallet users to generate yield from Aave's decentralized liquidity protocols via the MetaMask mobile app.
On Myriad, a prediction market developed by Decrypt's parent company Dastan, 52% of respondents believe that the Ethereum stablecoin market cap will exceed $145 billion in August.
In summary, by the end of 2026, Standard Chartered projects Ethereum stablecoins will have a market cap of around $750 billion, driven by regulatory clarity, institutional interest, and expanding DeFi usage. As the stablecoin market continues to grow, it's an exciting time to be a part of this digital revolution.
Stacy Jones contributed to the additional reporting for this article.
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