MetaMask launches Money Account with 4% DeFi yield and card spending

MetaMask's new Money Account offers up to 4% variable APY on mUSD stablecoin deposits via DeFi vaults, plus card spending, but is unavailable in the UK and EU.

• Money Account offers up to 4% variable APY on mUSD stablecoin deposits through DeFi lending vaults via Veda.
• Yield comes from protocols like Aave and Morpho, not from the stablecoin issuer, keeping the structure compliant.
• The product is available globally except in the UK, EU member states and sanctioned jurisdictions.
• KYC is required only for features interacting with regulated services like fiat on-ramps and the MetaMask Card.
• mUSD is backed 1:1 by US dollar reserves and T-bills held by Bridge, a Stripe company.

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