UK Moves to Ease Stablecoin Capital Requirements Below EU’s MiCA Standard
MetaMask has rolled out a bold new feature called Money Account, and it’s looking to change how everyday crypto users handle their money. The self-custodial tool combines stablecoin yield, spending and trading into a single product, signaling a clear shift for wallet providers competing to become full-blown financial platforms rather than just digital storage for crypto.
Announced Tuesday by MetaMask’s parent company Consensys, the MetaMask Money Account is built on the Monad blockchain. It lets users earn yield on their stablecoin balances while also spending those funds directly through the MetaMask Card at any merchant that accepts Mastercard, all without juggling separate apps or wallets.
At the center of the new offering is mUSD, MetaMask’s own dollar-pegged stablecoin. Users who opt into the MetaMask Money Account can earn a variable annual yield of up to 4%, with deposits automatically funneled into decentralized lending protocols like Morpho, and Aave integrations reportedly on the way. Consensys says users keep full custody of their assets throughout the entire process, a key selling point for crypto users wary of handing over control.
The move comes as the stablecoin market balloons past $320 billion, and crypto-linked payment cards continue gaining ground as a bridge between onchain assets and real-world spending. Unlike typical DeFi yield products that require manually shifting funds between protocols, Money Account automates the process. Funds can also be used straight away for MetaMask’s trading features, including token swaps, perpetual futures and prediction markets, with no extra transfers needed.
“People build their wealth inside MetaMask, but until now they couldn’t keep it working here. With Money Account, that changes. Your balance earns the moment you add funds, and you can spend the moment you need to,” said Joe Lubin, founder and CEO of Consensys and co-founder of Ethereum.
The launch builds on MetaMask’s recent expansion beyond a basic crypto wallet, following its AI agent wallet launch earlier this month, as the company pushes to make stablecoins genuinely useful for everyday spending and saving, not just trading.
