MetaMask Extension upgrade adds 6% APY on stablecoins

MetaMask announced a major upgrade to its browser extension that lets users deposit stablecoins into the MetaMask Money Account and start earning up to 6% APY.

• The Money Account is a yield-bearing account built into MetaMask that converts deposited stablecoins (e.g., USDC, DAI) into mUSD and pays variable APY automatically.
• MetaMask markets it with no lockups, no withdrawal penalties, and no account fees, positioning it alongside the wallet's save, trade, and spend features.
• The upgrade was announced via MetaMask's social channels with a link to its Money Account page; APY is variable and depends on market conditions.