MetaMask launches self-custodial account Money Account

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Odaily Planet Daily News: MetaMask has announced the launch of a new self-custody account called "Money Account," which integrates stablecoin yields, payment spending, and trading functions into a single wallet system, further driving its transformation into a comprehensive financial platform. The product, released by Consensys, is built on the Monad blockchain, with its core asset being the dollar-pegged stablecoin mUSD.

Users can earn a variable annualized yield of up to approximately 4% while holding assets, with funds automatically allocated to decentralized lending protocols such as Morpho, and will later be integrated with Aave.

Unlike traditional DeFi products, this account does not require manual transfers of funds between protocols; yields take effect automatically upon deposit and can be directly used for trading functions such as token swaps, perpetual contracts, and prediction markets. (CoinDesk)

MON1.22%
MORPHO1.26%
AAVE-2.78%
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