MetaMask launches spendable stablecoin yield

Millions of users globally use MetaMask to swap, save, and spend.

MetaMask is the world’s most widely adopted self-custodial wallet, giving tens of millions of users the ability to buy, send, swap, save, and spend across crypto and traditional assets. To expand its product suite and accelerate adoption of the mUSD stablecoin, MetaMask launched Money Account with yield powered by Veda’s vault infrastructure.

Money Accounts for Easy Spending

Veda's underlying vault infrastructure allows MetaMask users to grow and save their money while enabling the flexibility to spend with no fees, minimums, or lockup periods. 

When making payments with the MetaMask Mastercard, the vault draws from user balances, delivering an always-on money experience where users can earn, trade, and spend in one place.

FAQs

What does it mean to offer a multichain, multiprotocol vault?

A multichain, multiprotocol vault has been programmed to accept deposits on one chain and route capital across multiple protocols and, when appropriate, multiple chains for the best risk-adjusted yield. The end user sees a single balance, and sees where their assets are being allocated.

Veda vaults can be programmed to hold positions across any of the 20+ chains we support, allocated across some subset of 35 protocols. However, most multiprotocol vaults allocate to 2-5 protocols at any given time as part of a predetermined yield strategy.

The advantages are higher performance and superior durability. Single-protocol vaults are exposed when that protocol's yield compresses or its risk profile shifts. Multichain, multiprotocol vaults rebalance and adapt. Kraken's Advanced Strategies USDC Veda vault lives on Ink while leveraging Ethereum yield for exactly this reason.

Why are vaults important for enterprises?

Vaults are the necessary institutional layer for onchain yield. They abstract protocol selection, rebalancing, custody, and accounting into a single deposit and withdrawal interface with built-in compliance, security, and risk controls. Without vaults, every fintech would need to build these functions themselves.

Vaults are operational containers that act as a barrier between the enterprise user and the permissionless DeFi landscape. Veda provides enterprises with more controls and flexibility than alternative solutions like direct-to-protocol integrations.

Can we offer instant withdrawals?

Yes. Our vaults can be configured to offer users an instant withdrawal experience while still upholding core security and risk controls. Both Whop and Kraken have implemented this with Veda.

What other strategies exist besides lending that are suitable for fintech integrations?

Lending is the most common entry point, but it is one of several. Veda also supports borrowing strategies, liquid staking and restaking, looping, liquidity provisioning on major decentralized exchanges, basis trades and delta-neutral strategies, tokenized treasury and money-market exposure, and structured products that combine multiple sources.

Different strategies suit different products. A consumer fintech with retail balances may want stable, low-volatility yield — more sophisticated lending strategies or tokenized treasuries fit. Veda vaults can only execute the pre-approved strategy, and the modular design means strategies can be added or swapped without redeploying.