Summary
MetaMask Money Account generates up to 4% variable APY through a two-layer architecture: (1) mUSD is fully collateralised by short-duration Treasuries and cash via Bridge/Stripe (principal stability), and (2) yield is sourced from Morpho lending markets via Veda vault infrastructure, with risk curation by Steakhouse Financial. Aave integration is planned. mUSD market cap is $32M (down from $100M peak). The product is self-custodial throughout.
Key Facts
- mUSD: MetaMask's dollar-pegged stablecoin, issued by Bridge (Stripe company), backed by M0 protocol
- Yield: up to 4% variable APY, net of fees, no lock-ups, no minimums, no staking required
- Vault infrastructure: built and operated by Veda Labs; risk curation by Steakhouse Financial
- Initial lending protocol: Morpho; Aave planned as next integration
- Monad blockchain: 10,000 TPS, 400ms block times, 800ms finality, near-zero fees
- Card spending: Mastercard-powered, real-time authorisation pulls directly from yield-bearing balance
- Not available in UK, EU, or sanctioned jurisdictions (MiCA compliance)
- Multi-party smart contract risk: Monad, Veda, Morpho, Aave — each layer adds dependency risk