MetaMask launches Monad-based savings account with up to 4% APY on stablecoins

Web3 wallet MetaMask has launched "Money Account," a new self-custody feature based on the Monad blockchain that converts stablecoin balances into yield-bearing accounts. Users can earn a variable annual percentage yield (APY) of up to 4% on MetaMask's native stablecoin, mUSD, simply by depositing funds. No separate staking, lockups, or manual actions are required. The account balance is linked to the Mastercard-based MetaMask Card, allowing users to spend funds directly from their interest-earning account. The feature also connects with other on-chain services within MetaMask, including Swaps, perpetual futures (Perps), and prediction markets.