MetaMask launches self-custodial Money Account with up to 4% APY on stablecoins
Summary
MetaMask has launched a self-custodial Money Account that allows users to earn up to 4% variable APY on deposited stablecoins (USDC, USDT, DAI) or aTokens by converting them to mUSD, MetaMask's dollar-backed stablecoin. The account features no lockups, no withdrawal penalties, no account fees, and no conversion fees for supported stablecoins. Funds remain accessible for trading, sending, spending via the MetaMask Card (Mastercard), and earning automatically upon deposit.
Source
Twitter / XMetaMask launches self-custodial Money Account with up to 4% APY on stablecoinslink.metamask.ioKey quotes
· 4 pulledMetaMask Money Account is a self-custodial account built into MetaMask that earns up to 4% variable APY* on deposited funds—with no lockups, no withdrawal penalties, and no account fees.
When you deposit a supported stablecoin (USDC, USDT, or DAI) or aTokens into a Money Account, it converts to mUSD, MetaMask's dollar-backed stablecoin, with no conversion fees.
Your Money Account balance (mUSD) stays available to trade, send, and earn—or spend anytime via MetaMask Card, across hundreds of millions of Mastercard merchants.
Your stablecoins earn automatically the moment they land. No staking, no extra steps.
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