Metamask Launches Money Account With up to 4% APY and Mastercard Spending Access
Metamask has launched Money Account, a self-custodial feature that transforms the wallet into a full financial hub. Users can earn up to about 4% variable APY on their stablecoin balances while keeping funds liquid for trading, transfers, and payments.
The product is built on Monad, which serves as its home network. When users add funds, supported assets are converted into mUSD, Metamask’s dollar-backed stablecoin. The balance begins earning automatically without staking, lockups, minimums, or manual claims.
Money Account aims to reduce the friction of crypto money management by combining trading, savings, and spending into one liquid balance. Users can trade tokens, perpetuals, prediction markets, tokenized stocks, ETFs, and commodities while the unused portion of the account continues earning yield. They can also send funds across major networks and borders to any wallet.
Spending is connected to Metamask Card, powered by Mastercard. Users can spend from the same yielding balance at hundreds of millions of Mastercard merchants worldwide and receive up to 3% back on purchases. There is nothing to claim, restake, or move between accounts.
The product is secured through Metamask’s existing wallet infrastructure, with additional support from Veda and Steakhouse Financial. mUSD is backed 1:1 by U.S. dollars and short-term U.S. Treasury bills held in regulated custody.
Users can fund a Money Account with mUSD, USDC, USDT, DAI, and Aave-wrapped versions of those stablecoins on supported chains. Those assets can be converted into mUSD at 1:1 parity with no conversion fees. Users can also buy mUSD directly with debit cards, credit cards, bank accounts, Paypal, Apple Pay, or Google Pay.
The launch positions Metamask to compete in the growing stablecoin yield market, leveraging its large user base to bring yield directly into a widely used self-custodial wallet interface.