Monad (MON)

June 30
Fox Wallet MetaMask parent company Consensys officially launched Money Account — a self-custodial financial product based on the Monad blockchain, empowering its stablecoin mUSD.
The product consists of 7 modules:
1. Web3 entry: Fox Wallet Metamask
2. Compliant stablecoin issuer: Bridge (Stripe subsidiary)
3. Stablecoin protocol M0
4. Yield engine Veda
5. Treasury manager Steakhouse Financial
6. Yield protocol morpo&aave
7. Settlement network @monad_xyz

The actual flow of user funds is as follows:
1. Deposit: Users deposit assets such as USDC/USDT/DAI, exchanged 1:1 with no fee into mUSD (backed by US dollars cash + short-term Treasury bills held by Bridge).

2. Yield generation: mUSD automatically flows into the smart‑contract treasury built by Veda, allocated by Steakhouse Financial to the Morpho lending market, where borrowers pay interest generating yield.

3. Consumption settlement: When users pay with a card, Monad’s sub‑second finality allows completion within the card authorization window: redeem mUSD from the Morpho treasury → convert to fiat for settlement → merchant receives payment, all without user perception.

4. Reward stacking: Eligible purchases can earn up to 3% mUSD cashback, which automatically enters an interest‑bearing state.

In summary, it is interest from stablecoin lending, with the project and users sharing revenue roughly at a 1:2 ratio.

Why Monad?
MetaMask Money Account chose Monad as the home chain not because other chains cannot be used, but because only Monad’s 800 ms finality allows "the last second before consumption the funds are still in the yield pool". Finality is not a bonus; it is the physical premise of 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 between USDT and Tron.