MetaMask Launches Self-Custodial Account "Money Account"

Odaily reported that MetaMask has announced the launch of a new self-custodial account called "Money Account," which integrates stablecoin yield, payment consumption, and trading functions into a single wallet system, further driving its transformation into a comprehensive financial platform. The product was released by Consensys, built on the Monad blockchain, with the core asset being the U.S. dollar-pegged stablecoin mUSD. Users can earn a floating annualized yield of up to approximately 4% while holding assets, with funds automatically allocated to decentralized lending protocols like Morpho, and future integrations will include Aave.

Unlike traditional DeFi products, this account does not require manually moving funds between protocols. Yields automatically take effect after deposit and can be directly used for trading functions such as token swaps, perpetual contracts, and prediction markets. (CoinDesk)