MetaMask launches Money Account with mUSD yield and card

Consensys launched Money Account on July 1, 2026, as a feature inside the MetaMask wallet. The self-custodial account holds balances in mUSD, offers up to 4% variable APY on deposits, connects to a Mastercard-backed payment card and provides one-click access to swaps, perpetuals and prediction markets from the same balance.

The product is available globally to eligible users in supported jurisdictions, excluding the UK, EU member states and sanctioned jurisdictions. MetaMask reports more than 30 million monthly active users. mUSD, the stablecoin used for Money Account, launched in 2025 and is settled on the Monad blockchain.

Users can fund a Money Account by depositing supported tokens or buying mUSD directly via card or Apple Pay. Balances auto-convert to mUSD and begin earning yield immediately. There are no staking requirements, no lock-ups and no minimum balance. The published rate is up to 4% variable APY net of fees, and yield accrues continuously while funds remain liquid and spendable.

Yield is generated through smart contract vaults built by Veda Labs that deploy user funds into decentralized lending protocols. The initial lending integration is with Morpho, with plans to add Aave. Strategy selection and risk curation are handled by Steakhouse Financial. MetaMask and Consensys do not custody user funds; customers retain control of their private keys throughout.

Money Account links to the MetaMask Card, a Mastercard-backed physical and virtual card that lets users spend mUSD at merchants without an on-the-spot conversion. Cardholders can earn up to 3% back in mUSD on eligible purchases. The same mUSD balance in the wallet can be used directly for swaps, perpetual trading and prediction markets within the MetaMask interface.

mUSD is backed 1:1 by U.S. dollars and short-term U.S. Treasuries using reserve and issuance infrastructure managed by Bridge, the platform acquired by Stripe. Monad serves as the settlement layer and is an EVM-compatible layer 1 designed for higher throughput and lower costs for consumer applications.

Regulatory requirements limit availability in some markets. The product is not offered in EU member states or the UK because those markets require licensed electronic money token issuer structures and impose reserve and yield restrictions under local rules, including MiCA and equivalent U.K. frameworks. The rollout focuses on markets in Latin America, Asia, Africa and the Middle East where those specific authorizations are not required.

A competitor, Plasma One, launched a consumer product on June 17 that offers yields above 10% on a purpose-built layer 1. MetaMask’s advertised 4% APY is lower than some newer entrants, and the company is offering the product through its existing wallet and card distribution.