BlockBeats News, June 30, Consensys, the parent company of MetaMask, announced the launch of a new self-custodial account called Money Account, integrating stablecoin yield, payments, and transaction functions, further expanding the stablecoin's application in daily financial scenarios.

Money Account is built on the Monad blockchain, with MetaMask's native dollar-pegged stablecoin, mUSD, at its core. Users can automatically allocate funds to decentralized lending protocols like Morpho to earn up to approximately 4% in floating APY, with future support for Aave, while always retaining asset self-custody.

In addition, users can use the MetaMask Card to directly spend the account funds at Mastercard-supported merchants, participate in token swaps, perpetual contracts, and prediction market trades within MetaMask, without the need to manually transfer funds between different protocols.

Consensys co-founder and CEO, co-founder of Ethereum, Joe Lubin, stated that the Money Account will enable users to achieve asset appreciation and instant spending within MetaMask, further driving stablecoins from trading tools to daily payment and wealth management tools.