MetaMask launches stablecoin yield account with card spending

MetaMask launches Money Account it says offers up to 4% variable APY on mUSD stablecoin balances and card spending, with DeFi-powered yield via vaults, excluding the UK and EU.

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 annual percentage yield (APY) on eligible stablecoin deposits in supported jurisdictions.

“Your balance earns the moment you add funds, and you can spend the moment you need to,” Consensys CEO Joe Lubin said in a statement seen by Cointelegraph.

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