MetaMask has launched a new self-custody account that combines performance, payments and stablecoin trading in a single product, as wallet providers increasingly compete to become broader financial platforms rather than simple crypto storage tools.
The new “Money Account,” announced Tuesday by MetaMask parent Consensys, is based on the Monad blockchain and allows users to earn returns on stablecoin balances while spending funds through the MetaMask Card at merchants that accept Mastercard.
The account focuses on mUSD, the dollar-pegged stablecoin owned by MetaMask. Users who choose to enroll can earn a variable annual percentage yield of up to 4% by automatically allocating deposits to decentralized lending protocols, including Morpho, with planned Aave integrations. Consensys said users retain custody of their assets throughout the process.
The launch reflects a broader push to make stablecoins more useful beyond trading and transfers. The stablecoin market has grown to more than $320 billion, according to MetaMask, while cryptocurrency-linked payment cards have gained traction as issuers look to unite on-chain assets with everyday spending.
