June 30 MetaMask wallet's parent company, Consensys, officially launched Money Account—a self-custodial financial product based on the Monad blockchain, empowering its stablecoin mUSD. The product is composed of 7 modules: 1. Web3 gateway: MetaMask wallet 2. Compliant stablecoin issuer: Bridge (a Stripe subsidiary) 3. Stablecoin protocol: M0 4. Yield engine: Veda 5. Treasury manager: Steakhouse Financial 6. Yield protocols: Morpho & Aave 7. Settlement network: @monad_xyz Here’s the actual flow of user funds: 1. Deposits: Users deposit assets like USDC/USDT/DAI, which are converted 1:1 into mUSD with no fees (backed by USD cash + short-term treasury reserves held by Bridge). 2. Yield generation: mUSD automatically flows into smart contract vaults built by Veda, with allocations managed by Steakhouse Financial to the Morpho lending market. Borrowers pay interest, generating yield. 3. Spending and settlement: When users swipe their cards, Monad’s sub-second finality allows the process to complete within the card authorization window: redeem mUSD from the Morpho vault → convert to fiat for settlement → merchant receives payment. The entire process is seamless for users. 4. Rewards stacking: Eligible purchases can earn up to 3% mUSD cashback, which is automatically reinvested to generate yield. In summary, the interest generated from stablecoin lending is shared between the project team and users at roughly a 1:2 ratio. Why Monad? MetaMask Money Account chose Monad as its home chain not because other chains can’t do it, but because only Monad’s 800ms finality allows for "funds to remain in the yield pool until the last second before spending." Finality isn’t just a nice-to-have—it’s a physical prerequisite for this product. This also validates the first killer use case for high-performance EVM chains. Simply put, the relationship between mUSD and Monad is similar to that of USDT and Tron.