MetaMask launches Money Account with 4% APY, Mastercard access

MetaMask launched Money Account this month, a self-custodial feature that converts supported stablecoins into mUSD and pays a variable yield of up to about 4% APY while keeping funds available for trading, transfers and spending.

The account uses Monad as its home network. Deposited stablecoins are converted automatically into mUSD at a 1:1 parity with no conversion fees. The balance begins earning yield immediately and requires no staking, lockups, minimum deposits or manual claims.

Users retain control of their private keys under the wallet’s self-custodial model. The unused portion of the balance continues to accrue yield while users trade tokens, perpetuals, prediction markets, tokenized stocks, ETFs and commodities or send funds across supported networks.

Money Account is linked to the MetaMask Card, powered by Mastercard, allowing spending from the same yielding balance at merchants that accept Mastercard. The card offers up to 3% back on purchases. Funds remain liquid and available for withdrawals or transactions without designated withdrawal windows.

MetaMask describes mUSD as backed 1:1 by U.S. dollars and short-term U.S. Treasury bills held in regulated custody. The feature is integrated with MetaMask’s wallet infrastructure and receives additional support from Veda and Steakhouse Financial.

Users can fund a Money Account with mUSD, USDC, USDT, DAI and Aave-wrapped versions of those stablecoins on supported chains. MetaMask also enables direct purchases of mUSD using debit and credit cards, bank transfers, PayPal, Apple Pay and Google Pay.

MetaMask positions Money Account as a single balance intended to serve trading, cross-border transfers and everyday spending without moving funds between separate apps or accounts.

The launch adds a yield option to an existing set of stablecoin services offered by wallet providers and issuers. MetaMask’s existing user base and its role as a widely used self-custodial wallet provide the primary distribution channel for the new product.

No consumer price guarantees are provided. The advertised APY is variable and subject to change based on market conditions and the underlying assets backing mUSD.