MetaMask has launched a new Money Account that allows users to earn up to 4% variable yield on stablecoins, spend them with the MetaMask Card, and trade, all from one account:
This launch is part of MetaMask's push to move beyond crypto wallets, as the company aims to combine saving, spending, and trading into a single product for stablecoin users:
The new "Money Account," announced Tuesday by MetaMask parent Consensys, is built on the Monad blockchain and allows users to earn yield on stablecoin balances while spending funds through the MetaMask Card at merchants that accept Mastercard:
The account is centered around mUSD, MetaMask's proprietary dollar-pegged stablecoin. Users who opt in can earn a variable annual percentage yield of up to 4% by having deposits automatically allocated to decentralized lending protocols including Morpho, with Aave integrations planned. Consensys stated that users retain custody of their assets throughout the process:
The launch reflects a broader push to make stablecoins more useful beyond trading and transfers. The stablecoin market has grown to over $320 billion, according to MetaMask, while crypto-linked payment cards have gained traction as issuers look to bridge on-chain assets with everyday spending:
Unlike traditional DeFi yield products, Money Account does not require users to manually move funds between lending protocols or separate applications. Funds can also be used directly within MetaMask's trading features, including token swaps, perpetual futures, and prediction markets, without additional transfers:
“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:
