MetaMask launches Money Account it says offers up to 4% variable APY on mUSD stablecoin balances and card spending, with DeFi-powered yield via vaults, excluding the UK and sanctioned jurisdictions.
Update, June 30, 6:13 pm UTC: This article has been updated to correct the availability of MetaMask Money Account. Consensys said the Money Account is unavailable in the United Kingdom and sanctioned jurisdictions, not the European Union.
MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain.
The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable annual percentage yield (APY) on eligible stablecoin deposits in supported jurisdictions.
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