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MetaMask launches Money Account paying up to 4% variable yield on mUSD
MetaMask launched a self-custody Money Account that converts deposits to mUSD, earns a variable return from DeFi lending vaults and spends through the MetaMask Card. It runs on the Monad blockchain, with yield first from Morpho vaults and Aave planned.
- Up to 4% variable APY; vaults built by Veda and risk-curated by Steakhouse Financial.
- USDC, USDT and DAI convert to mUSD 1:1 with no fee.
- mUSD market cap was about $32M at launch of the account, after peaking above $100M.