MetaMask Launches Yield-Paying Money Account on Monad Blockchain

MetaMask, the crypto wallet developed by Consensys, has launched a new feature called Money Account, a self-custody product that bundles stablecoin yield generation, payments, and trading into a single balance. The feature is built on the Monad blockchain and powered by MetaMask’s own mUSD stablecoin, which was introduced last year.

Users who opt in can earn up to a variable 4% APY by having their deposits routed into DeFi lending protocols. At launch, Morpho is the first supported protocol, with Aave expected to be added next. The yield infrastructure runs through Veda’s vault system, while Bridge holds the dollar and short-term Treasury bill reserves that back mUSD on a one-to-one basis.

Click here to read the full article →