Metamask Launches Money Account With up to 4% APY and Mastercard Spending Access

Metamask has launched Money Account, a self-custodial feature that lets users earn up to about 4% APY on mUSD while trading, sending, and spending from the same balance.

Key Takeaways:

• • Metamask launched Money Account, offering up to 4% APY on mUSD with self-custody.
• • Monad and Mastercard power trading, payments, and yield from one liquid balance.
• • Metamask expands into stablecoin finance as wallet providers compete for yield users.

Mastercard and Metamask Bring up to 4% APY Stablecoin Accounts to Everyday Payments

Metamask is turning its wallet into something closer to a full financial account.

The Ethereum-focused wallet has launched Money Account, a self-custodial feature that allows users to earn up to about 4% variable APY on stablecoin balances while keeping the funds available for trading, transfers and payments.

The product is built on Monad, which will serve as its home network. When users add funds, supported assets are converted into mUSD, Metamask’s dollar-backed stablecoin. The balance then begins earning automatically, without staking, lockups, minimums or manual claims.

The goal is to reduce the friction that has long defined crypto money management. Users often trade in one app, hold savings in another and spend through a separate card account. Metamask is trying to collapse those functions into one liquid balance.

Stablecoin Balance Designed to Stay Active

Money Account is built around a simple idea: stablecoin balances should not sit idle between transactions.

Users can trade tokens, perpetuals, prediction markets, tokenized stocks, ETFs and commodities while the unused portion of the account continues earning yield. They can also send funds across major networks and borders to any wallet, with the rest of the balance remaining productive.

Spending is connected to Metamask Card, which is powered by Mastercard. Users can spend from the same yielding balance at hundreds of millions of Mastercard merchants worldwide and receive up to 3% back on purchases.

Metamask said there is nothing to claim, restake, or move between accounts. The balance remains liquid and available without waiting periods or withdrawal windows.

The product is secured through Metamask’s existing wallet infrastructure, with additional support from Veda and Steakhouse Financial. mUSD is backed 1:1 by U.S. dollars and short-term U.S. Treasury bills held in regulated custody.

Metamask Targets Stablecoin Yield Market

The launch comes as stablecoin issuers, asset managers and wallet providers race to make digital dollars more productive.

Metamask’s advantage is distribution. As one of the most widely used self-custodial wallets, it can bring yield directly into an interface many crypto users already rely on.

Users can fund a Money Account with mUSD, USDC, USDT, DAI, and Aave-wrapped versions of those stablecoins on supported chains. Metamask said those assets can be converted into mUSD at 1:1 parity with no conversion fees. Users can also buy mUSD directly with debit cards, credit cards, bank accounts, Paypal, Apple Pay, or Google Pay.

The result is a product aimed at making stablecoins feel less like parked cash and more like working capital. For Metamask, Money Account is a step toward turning the wallet from a transaction tool into a self-custodial financial hub.