Overview
- MetaMask announced Money Account on Tuesday, June 30, 2026, rolling out a Monad‑based, self‑custodial mUSD balance that begins earning yield as soon as users opt in.
- mUSD is held 1:1 with U.S. dollars and short‑term Treasury bills in custody at Bridge, a Stripe company, while opted‑in deposits are routed through Veda/Steakhouse into Morpho vaults with Aave integration planned.
- Consensys says Money Account can deliver up to a variable 4% APY net of fees but the rate is not guaranteed and depends on DeFi lending markets.
- The account links to the MetaMask Card on the Mastercard network for direct spending and up to 3% cashback in mUSD, but card features require third‑party KYC and the product is unavailable in the U.K. and sanctioned jurisdictions.
- Users keep private keys so MetaMask cannot move funds, yet the offering exposes holders to smart‑contract and network risk and arrives under active U.S. regulatory review that could change how stablecoin yield products are offered.