Metamask has launched Money Account, a self-custodial feature that lets users earn up to about 4% APY on mUSD while trading, sending, and spending from the same balance.
Key Takeaways:
Metamask launched Money Account, offering up to 4% APY on mUSD with self-custody.Monad and Mastercard power trading, payments, and yield from one liquid balance.Metamask expands into stablecoin finance as wallet providers compete for yield users.Metamask is turning its wallet into something closer to a full financial account.
Stablecoin Balance Designed to Stay ActiveSpending is connected to Metamask Card, which is powered by Mastercard. Users can spend from the same yielding balance at hundreds of millions of Mastercard merchants worldwide and receive up to 3% back on purchases.
The product is secured through Metamask’s existing wallet infrastructure, with additional support from Veda and Steakhouse Financial. mUSD is backed 1:1 by U.S. dollars and short-term U.S. Treasury bills held in regulated custody.
Metamask Targets Stablecoin Yield Market
