MetaMask has introduced a new Money Account that combines stablecoin yield, spending and trading in one self-custodial product. The feature is built on the Monad blockchain and centers on the company's mUSD stablecoin.
The account allows users to earn a variable yield of up to 4% on stablecoin balances. Deposits are automatically allocated to decentralized lending protocols such as Morpho, with Aave integrations planned.
Users can spend funds directly through the MetaMask Card at merchants that accept Mastercard. They can also access trading features including token swaps, perpetual futures and prediction markets without moving assets elsewhere.
Consensys, the parent company of MetaMask, announced the launch on Tuesday. Joe Lubin, founder and CEO of Consensys, said users can now earn yield the moment they add funds and spend when needed while retaining custody of their assets.
The move comes as the stablecoin market exceeds $320 billion and providers seek to expand beyond basic transfers and trading.
