MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain.<\/p>\n
The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable annual percentage yield (APY) on eligible stablecoin deposits in supported jurisdictions.<\/p>\n
\u201cYour balance earns the moment you add funds, and you can spend the moment you need to,\u201d Consensys CEO Joe Lubin said in a statement seen by Cointelegraph.<\/p>\n
The launch comes amid ongoing debate over yield-bearing stablecoin products in the US, where the CLARITY Act<\/a> includes provisions restricting the payment of interest or yield on payment stablecoins when tied to holding.<\/p>\n Money Account generates yield through decentralized finance (DeFi) lending strategies rather than issuer-paid interest, MetaMask senior director of product Johann Bornman told Cointelegraph.<\/p>\n The system relies on two entirely separate mechanisms, separating how the stablecoin is backed from how yield is generated, Bornman said.<\/p>\n<\/p>\n A preview of MetaMask\u2019s Money Account. Source: ConsenSys<\/em><\/p>\n The first mechanism involves stablecoin backing. Bridge, a Stripe company, holds US dollar reserves and short-term Treasury bills that back mUSD on a 1:1 basis. Under this structure, the issuer does not pay any yield to holders.<\/p>\n The second mechanism is the DeFi yield layer. When users deposit into a Money Account, funds are routed through onchain vault provider Veda, which allocates capital into established lending protocols such as Aave and Morpho.<\/p>\n \u201cSimply put, mUSD\u2019s reserve backing and the yield users earn are structurally separate,\u201d Bornman said, adding: \u201cThe yield doesn\u2019t come from the issuer, it comes from DeFi protocol activity.\u201d<\/p>\n The Money Account is rolling out globally on Tuesday, except in the United Kingdom, European Union member states and sanctioned jurisdictions, Bornman said.<\/p>\n As MetaMask operates a self-custodial wallet, the platform itself does not require Know Your Customer<\/a> checks, but KYC is required for any features that interact with regulated services, including fiat on-ramps and the MetaMask Card.<\/p>\n Related: <\/strong><\/em>Trezor adds native USDt, USDC yield via Morpho integration<\/strong><\/em><\/a><\/p>\n \u201cMoney Account itself does not require KYC, users can hold mUSD and earn yield with the click of a button,\u201d Bornman said. \u201cWhere KYC is required, those checks are carried out by third-party providers that operate those regulated services, not by MetaMask,\u201d he added.<\/p>\n The launch comes less than a year after MetaMask officially launched<\/a> its wallet-native mUSD stablecoin in September 2025.<\/p>\n<\/p>\n MetaMask USD (mUSD) market capitalization since launch. Source: CoinGecko<\/em><\/p>\n The stablecoin\u2019s market capitalization briefly peaked above $100 million shortly after launch before slipping below $30 million, according<\/a> to CoinGecko data.<\/p>\n At the time of writing, mUSD\u2019s market cap stood at $32 million, placing it among smaller US dollar-pegged stablecoins by market size.<\/p>\n Magazine: <\/strong><\/em>Bitcoin decouples from tech stocks, Ether eyes \u2018selling wave\u2019: Market Moves<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain. The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable […]<\/p>\n","protected":false},"author":1,"featured_media":31801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg","fifu_image_alt":"","footnotes":""},"categories":[11990],"tags":[2110,12975,3044,22045,4994,22046],"class_list":["post-31800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-plug","tag-account","tag-defi","tag-launches","tag-metamask","tag-money","tag-yield"],"rttpg_featured_image_url":{"full":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",0,0,false],"landscape":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",0,0,false],"portraits":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",0,0,false],"thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",150,150,false],"medium":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",300,300,false],"large":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",1024,1024,false],"1536x1536":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",1536,1536,false],"2048x2048":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",2048,2048,false],"post-thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",370,265,false],"kava-thumb-s":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",150,85,false],"kava-thumb-s-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",230,230,false],"kava-thumb-m":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",400,400,false],"kava-thumb-m-vertical":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",370,500,false],"kava-thumb-m-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",570,450,false],"kava-thumb-l":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",1170,650,false],"kava-thumb-xl":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",1920,1080,false],"kava-thumb-masonry":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",600,999,false],"kava-thumb-justify":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",640,640,false],"kava-thumb-justify-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-sell-crypto-via-metamask-a-step-by-step-guide.jpg",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"CRYPTO PLUG<\/a>","rttpg_excerpt":"MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain. The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/31800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=31800"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/31800\/revisions"}],"predecessor-version":[{"id":31802,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/31800\/revisions\/31802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/31801"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=31800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=31800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=31800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Yield engine powered by DeFi vaults<\/h2>\n
KYC and availability: EU and UK among restricted geos<\/h2>\n