MetaMask Launches Money Account Offering Stablecoin Yield and Card Spending

MetaMask, the self-custodial wallet built by Consensys, has rolled out Money Account, a feature offering up to 4% variable annual yield on its mUSD stablecoin while allowing users to spend funds through a linked card on the Monad blockchain. Consensys CEO Joe Lubin said balances begin earning as soon as funds are added, with spending available instantly.

Yield Comes From DeFi, Not the Issuer

Unlike traditional interest bearing accounts, yield is generated through decentralized lending rather than payments from the stablecoin issuer. Bridge, a Stripe company, backs mUSD using dollar reserves and short-term Treasury bills, while deposited funds are separately routed through vault provider Veda into lending protocols including Aave and Morpho.

Availability Excludes UK and EU Markets

The rollout began globally on Tuesday but excludes the United Kingdom, European Union and sanctioned regions. While the wallet itself doesn’t require identity verification, KYC checks apply to regulated features like fiat on-ramps and the MetaMask Card, handled by third-party providers.

mUSD launched in September 2025 and currently holds a market capitalization of $32 million, well below its earlier peak above $100 million.