finance
MetaMask Launches Money Account for Stablecoin Yield and Spending
MetaMask introduced Money Account, a feature allowing users to earn yield on stablecoins and spend them via the MetaMask Card within a single wallet. The product is built on the Monad blockchain and uses the company's mUSD stablecoin.
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MetaMask launched Money Account, a self-custodial feature that combines stablecoin yield, payments, and trading in one product. Users can earn a variable yield of up to 4% on stablecoin balances, spend funds through the MetaMask Card at Mastercard-accepting merchants, and access trading tools without moving assets between separate applications.
The account centers on mUSD, MetaMask's dollar-pegged stablecoin. Deposits are automatically allocated to decentralized lending protocols such as Morpho, with Aave integrations planned. Users retain custody of their assets throughout the process, according to Consensys.
The stablecoin market has grown to more than $320 billion, MetaMask stated. Crypto-linked payment cards have also gained traction as issuers seek to connect onchain assets with everyday spending. Funds in Money Account can be used directly for token swaps, perpetual futures, and prediction markets inside MetaMask.
The feature does not require manual transfers between lending protocols or separate applications. "People build their wealth inside MetaMask, but until now they couldn't keep it working here. With Money Account, that changes. Your balance earns the moment you add funds, and you can spend the moment you need to," said Joe Lubin, founder and CEO of Consensys and co-founder of Ethereum.
