Sea|Jul 01, 2026 07:19
This collaboration has finally arrived, for which I have re downloaded and installed the MetaMask app
Users holding mUSD on the Monad chain can not only receive a self managed 4% annualized return, but also directly consume through cards issued by MetaMask at any time
This' Coin Circle Yu'ebao 'is an exclusive collaboration between Monad Chain and MetaMask
MUSD is the native stablecoin of MetaMask, issued by Bridge under Stripe and based on M0 infrastructure. MUSD comes with 4% APY, supported by the lending agreement Morpho at the bottom level, the vault is built and operated by Veda, and risk control is handled by Steakhouse. The current issuance scale of mUSD is not very large, with over 30 million US dollars.
MetaMask is a Web3 enlightenment wallet for hundreds of millions of users and one of the core entry points into the on chain ecosystem. For MetaMask, to complete the three-level jump from Wallet → Swap → Money Account, it is necessary to deeply bind and cooperate with a public chain, and Monad is the answer to this
Momod's sub second level settlement confirmation ensures a real-time card authorization, instant spending/payment, and revenue distribution experience. At the same time, every mUSD transaction made by users will not be idle, but will automatically earn profits through lending protocols and be used for consumption, payment, exchange, or DeFi collateral at any time
When the collaboration between Monad and MetaMask is implemented, it will become a demonstration of cross-border cooperation between FinTech and Blockchain companies, which is how to balance stablecoin balances, income and interest, bank card consumption, and on chain self custody within one system, while also making it easy for C-end users to use
Looking at this collaboration, I clearly feel that the competition between public blockchains and stablecoins is constantly intensifying: public blockchains need to participate in building differentiated applications/scenarios on their own, creating killer apps, rather than just focusing on underlying technology; Stablecoins need to be more proactive in reaching out to users, and channels are more important (combined with today's news from Open USD). Simply issuing is definitely not enough.
Recently, Plasma One's card reputation has been extremely good, and I am also looking forward to the release of this MetaMask Card with a maximum cashback of 3% as soon as possible
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