MetaMask rolls stablecoin yield, payments and trading into self-custody account
Money Accounts package stablecoin yield, spending and trading in one balance using mUSD on Monad, as wallet providers push to make digital dollars more practical for everyday use.
MetaMask has launched self-custodial Money Accounts that combine stablecoin yield, payments and trading in a single balance using mUSD on the Monad blockchain. Users can route deposited funds through Veda into DeFi lending protocols including Morpho, with Aave planned later, to earn up to about 4% variable APY, and can spend from the account via MetaMask Card. The feature is available globally on mobile except in the UK and some restricted regions. The rollout adds concrete product detail to MetaMask’s broader push to make dollar-pegged crypto more useful from one interface while keeping users in control of their own assets through self-custody.
- self-custodial: A setup where users retain control of their own crypto assets and private keys.
- DeFi lending protocols: Blockchain-based applications that let users lend or supply crypto to earn returns without traditional intermediaries.
- variable APY: A yield rate that can change over time based on market conditions and protocol demand.