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MetaMask launches Money Account with stablecoin yield
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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 MON token of the newly launched Monad blockchain has risen 78% since its debut, reaching nearly a $4 billion valuation. This rally follows a successful initial coin offering and coincides with a broader crypto market recovery. The Ethereum-compatible chain, developed over three years, has quickly attracted significant activity.