MetaMask Launches Self-Custodial Money Accounts on Monad, Offering Stablecoin Yield and Payment Features

CoinFeed June 30 news, according to Decrypt, MetaMask launched self-custodial account feature Money Accounts, integrating stablecoin yield, payments and transactions into a single balance, built on the Monad blockchain and using the mUSD stablecoin. Users can opt to deploy deposited funds through Veda infrastructure into DeFi lending protocols such as Morpho (with Aave to be integrated later), earning up to approximately 4% floating annualized yield, and can spend directly via MetaMask Card. The feature is available to mobile users globally except in the UK and certain restricted regions, supporting top-ups from crypto or fiat. The report notes that mUSD's 1:1 U.S. dollar and short-term Treasury reserves and the yield generation by Money Accounts are two separate systems.