MetaMask Launches Money Account With Up to 4% Annual Yield on mUSD

MetaMask has introduced a new financial service that lets users earn yield on its stablecoin and spend funds directly with a card.

Consensys, the developer of MetaMask, announced the launch of Money Account on June 30, Cointelegraph reported. Users in eligible markets can deposit MetaMask USD, or mUSD, and earn a variable annual yield of as much as 4%.

Chief Executive Officer Joe Lubin said yield begins accruing as soon as users deposit funds and that the money can be spent whenever needed.

The yield model relies on decentralized finance lending strategies rather than direct interest payments from the issuer. Johann Bornman, MetaMask's senior director of product, said mUSD's reserve structure is entirely separate from the yield users receive. Returns come from activity on DeFi protocols, not from the issuer.

Funds deposited into Money Account are allocated through on-chain vault manager Veda to lending protocols including Aave and Morpho. Bridge, a Stripe unit, holds mUSD's one-to-one dollar reserves in U.S. dollar cash and short-term Treasuries.

The launch comes as debate continues in the U.S. over the CLARITY Act, which includes provisions restricting interest and yield payments on stablecoins used for payments. Bornman emphasized that mUSD's yield structure differs from issuer-paid interest.

The service will be rolled out in phases from June 30 across most of the world, excluding the U.K., European Union member states and sanctioned countries. Money Account can be used without separate know-your-customer verification, but connections to regulated services, including fiat on- and off-ramps and the MetaMask Card, require KYC through third-party providers.

Since mUSD launched in September 2025, its market capitalization briefly topped $100 million before falling back to about $32 million.