MetaMask Launches Money Account With Stablecoin Yield and Card Spending

TLDR

• MetaMask launched Money Account, a new feature for earning yield and spending stablecoins in one place.
• Users can earn up to 4% variable APY on mUSD stablecoin balances.
• The yield comes from DeFi lending protocols like Aave and Morpho, not from the stablecoin issuer.
• The account runs on the Monad blockchain and links to the MetaMask Card.
• Money Account is not available in the United Kingdom or in sanctioned countries.

MetaMask has launched a new product called Money Account. It lets users earn yield on stablecoins and spend that money in one place.

The wallet is developed by Consensys. The company announced the launch on Tuesday.

Money Account is built on the Monad blockchain. It combines stablecoin savings, spending, and trading in a single account.

The product is centered on mUSD, MetaMask’s own dollar-pegged stablecoin. Users can earn a variable yield of up to 4% on their balances.

Consensys CEO Joe Lubin said the account lets people keep their money working. He said users can spend funds the moment they need to.

How the Yield Works

The yield does not come from MetaMask or the stablecoin issuer. Instead, it comes from decentralized finance lending activity.

MetaMask senior director of product Johann Bornman said the system uses two separate parts. One part backs the stablecoin, and the other part generates the yield.

Bridge, a company owned by Stripe, holds the dollar reserves and short-term Treasury bills backing mUSD. This keeps the stablecoin pegged to the US dollar.

When users deposit funds into Money Account, the money is routed through a vault provider called Veda. Veda then places the funds into lending protocols such as Aave and Morpho.

Bornman said the stablecoin’s backing and the yield process are kept apart. He said the yield comes from protocol activity, not from the issuer.

Where the Account Is Available

Money Account began rolling out globally on Tuesday. It is not available in the United Kingdom or in sanctioned jurisdictions.

MetaMask operates as a self-custodial wallet, so it does not require identity checks on its own. But any feature tied to regulated services, like the MetaMask Card, does require Know Your Customer checks.

Bornman said those checks are handled by outside providers, not MetaMask itself. Users can hold mUSD and earn yield without going through KYC.

Funds in Money Account can also be used for trading. This includes token swaps, perpetual futures, and prediction markets, without moving money between apps.

MetaMask first launched mUSD in September 2025. The stablecoin’s market value peaked above $100 million shortly after its debut.

Its market cap later dropped below $30 million. At the time of writing, mUSD’s market cap stood at $32 million, according to CoinGecko data.

The launch comes as the overall stablecoin market has grown past $320 billion. MetaMask said crypto-linked payment cards have also gained more use as a way to spend digital assets in daily life.

The post MetaMask Launches Money Account With Stablecoin Yield and Card Spending appeared first on CoinCentral.