• MetaMask has launched Money Account, a self-custodial financial account that combines earning, spending and trading through a single stablecoin balance. • Users can earn up to 4% variable A
• MetaMask has launched Money Account, a self-custodial financial account that combines earning, spending and trading through a single stablecoin balance.• Users can earn up to 4% variable APY on mUSD deposits while retaining instant access to funds through the MetaMask Card.• The product is built exclusively on the Monad blockchain and represents MetaMask’s expansion beyond crypto trading into everyday financial services.
MetaMask has unveiled Money Account, a new self-custodial financial product that integrates decentralized finance (DeFi) yields, stablecoin payments and on-chain trading into a single account, marking one of the wallet provider’s most significant moves beyond traditional crypto storage.
The product, launched on June 30, allows users to hold MetaMask’s dollar-backed stablecoin mUSD, automatically earn yield through decentralized lending markets and spend funds directly via the MetaMask Card without transferring assets between wallets, exchanges or banks.
The launch reflects growing competition among crypto infrastructure providers to build consumer financial products around stablecoins, as digital dollars increasingly move beyond trading into payments and savings.
Money Account enables users to earn up to 4% variable annual percentage yield (APY) on mUSD balances immediately after depositing funds, eliminating the need for staking, lock-up periods or manual interaction with lending protocols.
Yield is generated through third-party smart contract vaults operated by Veda, with Morpho serving as the initial lending venue and Aave expected to be integrated in a future release. Risk management for the lending strategies is provided by Steakhouse Financial.
According to MetaMask, returns accrue continuously and are reflected in account balances in real time after users opt into the yield program.
The company emphasized that earning mechanisms remain structurally separate from the stablecoin’s reserve assets. While deposited funds are allocated to DeFi lending markets, mUSD itself is backed 1:1 by U.S. dollars and short-term U.S. Treasury bills held in regulated custody by Bridge, Stripe’s stablecoin infrastructure business, using M0’s modular stablecoin framework.
A central feature of Money Account is the ability to move seamlessly between saving, spending and trading without transferring assets across multiple platforms.
Users can spend directly from their Money Account through the MetaMask Card, which is accepted anywhere Mastercard payments are supported. Purchases settle automatically from the user’s mUSD balance without additional conversion steps, while eligible transactions receive up to 3% cashback, paid back in mUSD and automatically added to the account.
Money Account also connects directly to MetaMask’s broader trading ecosystem, allowing users to access token swaps, perpetual futures and prediction markets without manually moving funds between applications.
The company said the objective is to eliminate the fragmentation that has traditionally characterized decentralized finance, where users often needed separate platforms for custody, lending, payments and trading.
The product is deployed exclusively on the Monad blockchain, which MetaMask selected for its low-latency infrastructure, sub-second transaction finality and low operating costs.
MetaMask said network fees associated with earning, spending or managing balances are fully sponsored, removing blockchain transaction costs for end users.
Customers can convert supported stablecoins—including USDC, USDT, DAI, aUSDC, aUSDT and aDAI—into mUSD at 1:1 parity with no conversion fees, while direct purchases using debit cards, credit cards and Apple Pay are also supported.
The platform remains fully self-custodial, meaning users retain control of their private keys and assets. MetaMask cannot freeze, access or transfer customer balances, distinguishing the product from custodial exchanges and traditional financial accounts.
MetaMask’s launch comes as stablecoins continue to expand into mainstream financial infrastructure.
According to the company, the global stablecoin market has surpassed $320 billion in market capitalization, while stablecoin transaction volume reached approximately $33 trillion during 2025. Stablecoin-linked payment cards are now processing roughly $18 billion in annualized spending, underscoring growing adoption beyond cryptocurrency trading.
Against that backdrop, wallet providers and payment companies are increasingly competing to integrate stablecoins into everyday financial services.
By combining automated DeFi yield, real-time payments and self-custody within a single interface, Money Account positions MetaMask to compete not only with crypto wallets but also with digital banks and fintech platforms seeking to make blockchain-based financial services accessible to a broader consumer audience.
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