MetaMask launches Money Account, bringing DeFi yield and global spending to stablecoin balances

Fort Worth, Texas, USA, June 30, 2026 — MetaMask, the leading self-custodial wallet developed by Consensys, today launched Money Account on Monad, the home network for the product. Money Account is a self-custodial account inside MetaMask that combines automated earning, instant spending, and one-click trading in a single balance. Powered by mUSD, MetaMask’s dollar-denominated stablecoin, Money Account earns up to 4% variable APY* from the moment funds are added, connects directly to the MetaMask Card for spending at hundreds of millions of Mastercard accepted merchants globally, and seamlessly links to MetaMask's trading features–including swaps, perps, and prediction markets. No staking, lock-ups, account minimums, manual deposits, or withdrawals are required. Money Account is available today to MetaMask users globally in eligible jurisdictions. 

The stablecoin market has surpassed $320 billion in total capitalization, with transaction volume reaching $33 trillion in 2025, and stablecoin-backed card spending has surged to $18 billion on an annualized basis. Yet for most holders, stablecoin balances remain unproductive and disconnected from the financial tools they use every day. Accessing yield has required navigating fragmented DeFi protocols, centralized exchanges, and third-party applications. Spending means off-ramping through exchanges and banks. Trading means moving funds to separate platforms. Money sits in one place while everything users want to do with it happens somewhere else. That's the problem Money Account solves.

“For too long, the crypto experience has been fragmented; one place to trade, another to earn, another to spend. People build their wealth inside MetaMask, but until now they couldn't keep it working here. With Money Account, that changes. Your balance earns the moment you add funds, and you can spend the moment you need to,” said Joe Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum. “We're entering an era where the web3 ecosystem can deliver real financial utility–not just for traders, but for anyone who wants their money to work harder, move faster, and remain in their control. Money Account is what it looks like when self-custodial finance stops asking people to choose between control and convenience and starts delivering both. MetaMask is financial agency for everyone. Money Account makes financial agency even more powerful and valuable.”

“Blockchain finance is finally ready for everyday users. Money Account brings together everything in one place–self-custody, yield, and spending–on a single balance, on a single network," said Keone Hon, Co-Founder and GM of Monad Foundation. "This is what consumer stablecoin adoption at scale looks like: a product built for daily spend, with savings and yield integrated and the complexity handled under the hood. Monad's sub-second finality and consistent gas costs make this kind of seamless experience possible, and we're excited to work with MetaMask to bring it to users.”

Key MetaMask Money Account features

• Convert in one tap. Users can convert any supported token into their Money Account. For stablecoins–including USDC, USDT, DAI, aUSDC, aUSDT, and aDAI on supported networks–conversions to mUSD are instant at 1:1 parity with no conversion fees. Users can also purchase mUSD directly using a debit or credit card or Apple Pay.

• Access DeFi, earn automatically. Funds are deployed via third-party smart contract vaults into established DeFi lending protocols, with Aave and Morpho as core destinations. At launch, the vault allocates to Morpho, with Aave markets to follow. Once users opt in, returns–up to 4% variable APY* net of all fees–accrue continuously and are reflected in the Money Account balance in real time. Vault infrastructure is built and operated by Veda, with risk curation by Steakhouse Financial.

• Spend anywhere. Where the MetaMask Card is available, Money Account connects directly, online or via tap-to-pay. Purchases settle from the Money Account balance automatically, with no extra conversion steps, wait times, or hidden fees. MetaMask Card offers up to 3% back on all eligible purchases, paid in mUSD directly to the Money Account, compounding continuously and automatically. 

• Trade with one click. Money Account connects seamlessly to MetaMask's trading features–including perps and prediction markets–so users can move from earning to trading without transferring funds between accounts or platforms.

• Stay in control. Money Account is fully self-custodial. Users hold their own Private Keys and MetaMask cannot access, freeze, or move any Money Account balance, a structural difference from traditional bank accounts and custodial crypto platforms. The underlying stablecoin, mUSD, is backed 1:1 by US dollars and short-term US Treasury bills held in regulated custody by Bridge, a Stripe company, and powered by M0's modular stablecoin infrastructure.

• Built on Monad. Money Account is made possible by Monad. Monad delivers the speed, sub-second finality, and low transaction costs required for a real-time experience. Network fees are fully sponsored; users do not pay network fees to earn, spend, or manage their Money Account balance.

Money Account is the first step in MetaMask's broader expansion beyond trading into everyday financial utility, making MetaMask not just where users trade, but where their money lives and grows.

Money Account is available today to MetaMask users globally, with the exception of the UK and other restricted jurisdictions. Users can access Money Account directly within MetaMask.

For more information, visit metamask.io/money

For media inquiries: [email protected]

About Consensys 

Consensys is the leading Ethereum software company and the creator of MetaMask, the world's most widely used self-custodial wallet and the primary consumer gateway to the blockchain economy. MetaMask gives people direct control over their money, their assets, and their financial future. It enables tens of millions of users across more than 190 countries to buy, send, swap, save, trade, earn, and spend across both crypto and traditional assets. Founded by Ethereum co-founder Joseph Lubin, Consensys has played a foundational role in Ethereum's growth since 2014. Today the company sits at the center of the blockchain economy, where consumer demand, developer activity, and open financial infrastructure converge. 

About Monad

Monad is a high-performance, institutional-grade Layer 1 blockchain network purpose-built to power the financial layer of the internet. Fully EVM-compatible, Monad delivers 10,000 TPS, 400ms block times, 800ms finality, and near-zero fees, without requiring specialised hardware. The network runs on consumer-grade machines, supporting accessible participation and decentralized network operation: over 200 independently operated validators across 30+ countries and 55+ cities secure Monad today.

Disclaimer 

MetaMask Money Account is not a bank account, savings account, or regulated investment product. Your Money balance (mUSD) is not insured by the FDIC or any government agency. The rate shown is an estimated Annual Percentage Yield (APY). APY is variable and may fluctuate based on the performance of third-party DeFi platforms and blockchain protocols where funds are deployed. These carry inherent risks, including but not limited to smart contract and protocol risk. In extreme cases, this could result in partial or total loss of funds. Withdrawals may be delayed if liquidity is tight. Please refer to the Terms of Use for full details on associated risks. mUSD is a stablecoin backed 1:1 by US dollars and short-term US Treasury bills, but like all crypto assets, it carries inherent risks including smart contract risk and market volatility.

You are responsible for all taxes, fees, and expenses associated with receiving and claiming any earnings, including gas fees. MetaMask Money Account does not constitute an offer, recommendation, or solicitation to engage with digital assets, nor does it provide advice in any form. It is not intended for jurisdictions where such participation would violate laws or regulations. Participants must ensure compliance with applicable restrictions. Nothing in this press release constitutes financial, investment, tax, or legal advice, nor is it a recommendation to buy or sell any digital asset or to employ any specific investment strategy.  Terms subject to change in the sole discretion of Consensys. Please review the full Terms of Use before using MetaMask Money Account.