MetaMask launches Money Account with stablecoin yield and spending in one wallet

MetaMask has launched Money Account, a self-custodial feature that combines stablecoin yield, payments and trading in one product. Announced Tuesday by MetaMask parent Consensys, according to CoinDesk, the account is built on the Monad blockchain and centers on mUSD, MetaMask’s dollar-pegged stablecoin. Users can opt in to earn up to 4% variable APY via automated allocations to DeFi lending protocols including Morpho, with Aave integrations planned, while spending through the MetaMask Card at merchants that accept Mastercard.