MetaMask introduces Money Account enabling yield on its mUSD stablecoin and global card spending via DeFi vaults on Monad with up to 4% APY.

Consensys tapped Monad as Money Account's “home chain," and will initially use Morpho vaults to generate yield.

MetaMask is packaging stablecoin yield, payments, and trading into a single self-custody account as crypto firms compete to make digital dollars more useful.

The launch reflects a broader push to make stablecoins more useful beyond trading and transfers.

MetaMask introduces Money Account enabling yield on its mUSD stablecoin and global card spending via DeFi vaults on Monad with up to 4% APY.

MetaMask has launched Money Account, a self-custodial feature that lets users earn up to about 4% APY on mUSD.