Overview
- MetaMask rolled out Money Account on Tuesday, June 30, 2026, giving eligible users an automatically provisioned in‑wallet balance that can earn variable yield without moving funds between apps.
- The account uses mUSD, a stablecoin pegged 1:1 to the U.S. dollar and backed by short‑term U.S. Treasury bills held by Bridge, a Stripe company.
- Deposits are routed through Veda’s vault infrastructure into DeFi lenders, with Morpho providing yield at launch and Aave slated to be added later.
- MetaMask advertises up to 4% APY as a ceiling rather than a guaranteed rate, and users keep private keys while accepting smart‑contract and market risk rather than bank insurance protection.
- The launch tests the wallet‑as‑bank model at scale and lands amid live U.S. regulatory debate over third‑party stablecoin yield programs that could change how these products operate.