MetaMask wallet is expanding its functionality: users can now earn yield on stablecoins directly within the app. The new feature was launched in partnership with Aave, one of the largest decentralized lending protocols by total value locked.
How Stablecoin Earn Works
According to the announcement, the feature called Stablecoin Earn allows MetaMask users to generate yield on USDC, USDT, and DAI without having to switch to external platforms or navigate complex DeFi interfaces. The yield is generated through Aave’s mechanism: users deposit their assets into the protocol, where they become available for borrowers.
MetaMask representatives claim that yield accrues automatically and the entire process is handled within the wallet. The option is now open to over a million users.
As part of the partnership, the feature is also integrated with the MetaMask payment card, which is supported by Mastercard. Cardholders can make in-store purchases directly from their interest-bearing stablecoin balances (such as aUSDC), continuing to earn yield up until the moment of payment.
Context and Aave’s Role
MetaMask was created by Ethereum developers at Consensys in 2016 and has long focused on Web3 access and staking features. Aave, meanwhile, remains the largest DeFi protocol by TVL, according to the project, more than $50 bln is currently deposited in its infrastructure.
Stani Kulechov, CEO of Aave Labs, stated that the partnership with MetaMask enables millions of users to earn passive income from DeFi without needing to switch tools or leave their familiar ecosystem.
This post is for informational purposes only and does not constitute advertising or investment advice. Please conduct your own research before making any financial decisions.