MetaMask, a self-custodial wallet developed by Consensys, is launching a new product that it says lets users earn yield on its MetaMask USD (mUSD) stablecoin and spend it via a card exclusively on the Monad blockchain.

The company on Tuesday announced the launch of Money Account, a product it says offers up to 4% variable annual percentage yield (APY) on eligible stablecoin deposits in supported jurisdictions.

“Your balance earns the moment you add funds, and you can spend the moment you need to,” Consensys CEO Joe Lubin said in a statement seen by Cointelegraph.

The launch comes amid ongoing debate over yield-bearing stablecoin products in the US, where the CLARITY Act includes provisions restricting the payment of interest or yield on payment stablecoins when tied to holding.

Yield engine powered by DeFi vaults

Money Account generates yield through decentralized finance (DeFi) lending strategies rather than issuer-paid interest, MetaMask senior director of product Johann Bornman told Cointelegraph.

The system relies on two entirely separate mechanisms, separating how the stablecoin is backed from how yield is generated, Bornman said.

A preview of MetaMask’s Money Account. Source: ConsenSys

The first mechanism involves stablecoin backing. Bridge, a Stripe company, holds US dollar reserves and short-term Treasury bills that back mUSD on a 1:1 basis. Under this structure, the issuer does not pay any yield to holders.

The second mechanism is the DeFi yield layer. When users deposit into a Money Account, funds are routed through onchain vault provider Veda, which allocates capital into established lending protocols such as Aave and Morpho.

“Simply put, mUSD’s reserve backing and the yield users earn are structurally separate,” Bornman said, adding: “The yield doesn’t come from the issuer, it comes from DeFi protocol activity.”

KYC and availability: EU and UK among restricted geos

The Money Account is rolling out globally on Tuesday, except in the United Kingdom, European Union member states and sanctioned jurisdictions, Bornman said.

As MetaMask operates a self-custodial wallet, the platform itself does not require Know Your Customer checks, but KYC is required for any features that interact with regulated services, including fiat on-ramps and the MetaMask Card.

Related: Trezor adds native USDt, USDC yield via Morpho integration

“Money Account itself does not require KYC, users can hold mUSD and earn yield with the click of a button,” Bornman said. “Where KYC is required, those checks are carried out by third-party providers that operate those regulated services, not by MetaMask,” he added.

The launch comes less than a year after MetaMask officially launched its wallet-native mUSD stablecoin in September 2025.

MetaMask USD (mUSD) market capitalization since launch. Source: CoinGecko

The stablecoin’s market capitalization briefly peaked above $100 million shortly after launch before slipping below $30 million, according to CoinGecko data.

At the time of writing, mUSD’s market cap stood at $32 million, placing it among smaller US dollar-pegged stablecoins by market size.

Magazine: Bitcoin decouples from tech stocks, Ether eyes ‘selling wave’: Market Moves

Key Highlights

• Micron Technology (MU) has pledged $250 million toward Trump Accounts, officially designated as 530A Accounts.
• The initiative aims to benefit approximately one million young Americans and their families.
• Employees receive matching contributions of up to $1,000 annually for each child under age 18.
• Qualifying children across Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas will receive initial $250 deposits.
• This move complements Micron’s previously announced $200 billion domestic manufacturing expansion.

Micron Technology (MU) has made a substantial financial commitment to a newly established federal children’s savings initiative. The semiconductor manufacturer revealed its $250 million pledge to Trump Accounts on Tuesday, marking the occasion alongside America’s 250th birthday celebration.

Micron Technology, Inc., MU

Trump Accounts—officially designated as 530A Accounts—represent a fresh approach to childhood savings programs. These accounts channel investments into low-cost U.S. index funds, providing minors with access to sustained equity market performance over time.

The company characterizes its financial pledge as the most significant corporate participation in the program to date. Micron anticipates extending benefits to nearly one million young people through this initiative.

Program Structure and Benefits

Employees of Micron will receive dollar-for-dollar contribution matching for deposits made into their children’s accounts. This matching program covers annual contributions reaching $1,000 per qualifying child under 18 years old.

Beyond employee benefits, the chipmaker has designated funds for broader community impact. Children residing in designated states will receive a one-time $250 initial deposit into newly established Trump Accounts.

The eligible states—Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas—align with Micron’s current manufacturing and operational footprint.

The distribution strategy focuses resources on areas where Micron maintains active facilities. Consequently, workers and residents in proximity to company sites will receive primary access to these financial benefits.

Alignment with Domestic Expansion Plans

This financial commitment doesn’t exist in isolation. Micron previously announced plans to deploy over $200 billion toward domestic memory chip production and innovation facilities.

That capital allocation targets the creation of more than 90,000 American employment opportunities. The Trump Accounts participation represents a parallel investment in human capital development.

CEO Sanjay Mehrotra emphasized that Micron recognizes human investment as equally critical to technological advancement. He expressed appreciation to the Trump administration for establishing the account framework.

Treasury Secretary Scott Bessent responded positively to the announcement, characterizing the commitment as promising and positioning Micron as an example for other corporations. [[LINK_START_4]]Dell Technologies[[LINK_END_4]] CEO Michael Dell endorsed the initiative as well, referencing existing commercial relationships between the two companies.

Invest America founder Brad Gerstner distinguished the pledge as substantive rather than ceremonial. He emphasized that the commitment places tangible capital into private accounts benefiting close to one million children.

Micron’s investment portfolio extends beyond savings accounts into additional workforce development channels. The company supports K-12 STEM programming, semiconductor-focused educational materials, artificial intelligence learning initiatives, and collaborations with two-year and four-year educational institutions.

The semiconductor manufacturer also funds registered apprenticeship opportunities within the chip industry. While administered separately from the Trump Accounts program, these initiatives align with Micron’s comprehensive workforce cultivation strategy.

Families seeking to establish a Trump Account can access the platform at trumpaccounts.gov. Micron indicated that comprehensive eligibility criteria for community seed funding will become available through its dedicated portal at micron.com/communityinvestment.

OKX has launched a beta marketplace for artificial intelligence (AI) agents, positioning the platform as “economic infrastructure” for agentic commerce. The initiative lets developers list their own AI agents to earn revenue, while other agents and users can post tasks, find suitable agents, and complete work with onchain settlement and a shared reputation layer.

OKX says the marketplace will connect an agent marketplace—where builders monetize agent services—with a separate task marketplace that matches incoming work to agents. The beta will run until OKX sees “consistent, repeat usage patterns” across users, with trading, onchain activity, and research tasks expected to be the first major categories.

Key takeaways

• OKX’s AI agent marketplace connects a service-listing agent market with a task market for matching agent-to-agent work.
• Builders can get paid in stablecoins initially including USDT and USDG, with escrow for complex tasks and instant pay-per-call for standardized services.
• All agent tasks feed into a single onchain reputation system designed to reduce hiring risk from agents with poor or disputed histories.
• The beta is expected to emphasize trading, onchain tasks, and research, and remains in testing until usage patterns stabilize.

How OKX’s AI agent marketplace works

According to OKX’s announcement shared with Cointelegraph, the OKX AI platform is built around two marketplaces. In the agent marketplace, AI developers can list agents that offer services, and earn income when those agents are selected. In the task marketplace, tasks are posted and agents can locate other agents capable of completing them.

OKX also describes the platform as a combined stack for identity, reputation, payments, and a skills marketplace. Its spokesperson told Cointelegraph that it is not just another catalog of AI tools, but a framework meant to let agent-driven transactions proceed with verifiable histories.

Stablecoin payments and escrow-based settlement

For compensation, OKX says AI agent builders will be paid in stablecoins. The beta is scheduled to start with Tether’s USDT (USDT) and Paxos’ Global Dollar (USDG), with settlement handled through smart-contract mechanisms depending on task type.

For more complex work, OKX says payments will use escrow-based contracts until deliverables are completed and verified. For standardized services, the platform will support instant “pay-per-call” transactions, aiming to reduce friction where outcomes are less subjective.

The practical implication for participants is that payout logic is designed to map to how tasks are executed: escrow is intended to slow down releases when verification is needed, while pay-per-call is intended for repeatable operations that can be confirmed quickly.

Onchain reputation as an anti-malicious layer

A central feature of the beta is an onchain reputation system managed through the OKX Agentic Wallet. OKX says the reputation tracks an agent’s work history onchain, so agents without track records—or those with failed or disputed work—should become less attractive to other agents during selection.

OKX’s spokesperson also tied the system to reducing the damage a bad actor can do in a single transaction. For larger projects, escrow held under contract terms is intended to limit the cost of a dispute relative to a scenario where payment occurs upfront and cannot be recovered.

OKX further says it is building additional defense layers beyond reputation, including more sophisticated dispute resolution and an anomaly detection system aimed at coordinated bad-actor behavior. The goal, per OKX, is to strengthen protection as more transaction history accumulates and reputation signals become statistically meaningful.

Who is onboard and what comes next for the beta

OKX says the marketplace launch includes support from companies and ecosystem participants including Amazon Web Services (AWS), AltLayer, CertiK, the Ethereum Foundation, the Solana Foundation, Opentensor Foundation, and StraitsX.

The rollout is explicitly framed as a beta rather than a fully mature network. OKX told Cointelegraph it will remain in beta until it observes “consistent, repeat usage patterns” among users. Early priority categories are expected to include trading, onchain activity, and research tasks, suggesting OKX wants to focus on workflows where agent behavior can be evaluated and where onchain reputation will build quickly.

There is also a wider industry tailwind behind the launch. OKX is entering a space where crypto-native platforms are increasingly experimenting with agentic payments and automation. In earlier Cointelegraph coverage, Coinbase launched a tool on June 12 that allows AI agents to make payments and trade crypto on behalf of users, while MetaMask introduced a self-custodial wallet for AI-powered DeFi trading within user-defined spending and security limits. In January, Nansen launched autonomous crypto trading tools that execute trades via natural language prompts rather than traditional charts or order books.

Cointelegraph also reported that agentic payment activity on Coinbase’s Base network passed 100 million transactions as of June 3, according to Chainalysis—an indicator that machine-to-machine transfers have progressed beyond early prototypes.

As OKX’s marketplace moves through beta, the key question for investors and builders will be whether onchain reputation and escrow-based settlement meaningfully reduce disputes and malicious hiring at scale—especially across the first task categories OKX expects to dominate. Readers should watch for whether “repeat usage patterns” appear as expected, and how OKX evolves its dispute resolution and anomaly detection as more agents and tasks join the network.

A federal judge in New York entered a $5.5 million default judgment against NanoBit Limited and five related defendants over an alleged relationship-investment scam built on a fake crypto trading platform.

The U.S. District Court for the Eastern District of New York ordered $5,518,902 in combined disgorgement, prejudgment interest, and civil penalties on June 16, the U.S. Securities and Exchange Commission (SEC) announced.

The agency alleged that from September 2023 to June 2024, scheme participants posed as financial-industry professionals in WhatsApp groups, built trust with investors, and then directed them to deposit funds into NanoBit.

Although users’ dashboards displayed what appeared to be profitable trades, the SEC alleged the platform never executed any crypto transactions. At least 18 investors lost nearly $1 million in crypto and fiat currency, according to the SEC’s complaint.

Investor funds weren’t used to trade, but rather went to bank accounts in Hong Kong, the SEC said. Participants wired more than $2 million offshore and misappropriated hundreds of thousands of dollars in investors’ crypto assets.

NanoBit also falsely claimed an affiliate, NanobitUS Securities, was SEC-registered and tied to reputable financial firms.

Key Highlights

• Stablecoin payment integration launches for European UCITS Treasury bill funds

• USDC and EURC enable fund subscriptions and withdrawal processing

• Infrastructure provided by Coinbase Payments includes wallet, API, and settlement layers

• Base layer-2 network facilitates efficient blockchain transaction settlement

• Payment method addition maintains existing fund structure and regulatory framework

A collaboration between Coinbase and Spiko has introduced stablecoin payment functionality to European Union-regulated Treasury bill investment vehicles. Eligible investors can now utilize digital currency payment methods for entering and exiting two UCITS-compliant money market products. The development integrates Circle’s USDC and EURC stablecoins within established European regulatory frameworks for mutual funds.

Dollar-Denominated T-Bill Fund Activates USDC Payment Channel

The US T-Bills Money Market Fund managed by Spiko has activated USDC acceptance through Coinbase Payments technology. This investment product delivers exposure to short-duration United States Treasury securities while operating within UCITS regulatory parameters. The payment infrastructure encompasses digital wallet functionality, transaction APIs, and backend processing systems supplied by Coinbase.

Transaction finalization occurs on Base, the layer-2 blockchain network developed by Coinbase. This technical architecture creates a bridge between onchain digital assets and traditionally regulated investment vehicles. The arrangement diminishes reliance on conventional banking hours and legacy payment processing systems that impose delays.

The innovation particularly serves corporate treasury operations requiring rapid reallocation between liquid assets and fund positions. Investors gain the ability to initiate subscription requests outside typical banking schedules, encompassing weekends and public holidays. Spiko emphasized that this development introduces an alternative payment channel without modifying the fund’s underlying operational structure or investment strategy.

Euro T-Bill Product Enables EURC Transaction Capability

Spiko’s EU T-Bills Money Market Fund has implemented EURC payment acceptance utilizing identical Coinbase technological infrastructure. This fund adheres to UCITS regulatory requirements, which establish European Union benchmarks for investor protection and operational oversight. Coinbase characterized these products as pioneering European UCITS funds offering direct stablecoin payment acceptance.

Upon liquidation, redemption payments can transfer to designated stablecoin wallets in a matter of minutes. This capability provides treasury management teams with accelerated access to capital following position exits. The fund continues operating within its established regulatory guidelines governing subscription and redemption procedures.

This launch arrives during a period of robust UCITS market activity across Europe. According to EFAMA statistics, UCITS products attracted 104 billion euros in net capital inflows during April. This represented a significant reversal from the 41 billion euro net outflow recorded in March, while cumulative 2025 net sales have reached 828 billion euros.

Partnership Advances Tokenized Investment Product Infrastructure

Coinbase positioned this collaboration as progress toward modernized payment systems for regulated investment products. Stablecoin-based payment networks can minimize operational friction when clients allocate capital to or withdraw from compliant financial products. The integration creates connectivity between blockchain-based settlement mechanisms and traditional mutual fund administration.

This framework does not transform the underlying investment vehicles into continuously operating products. Rather, it provides qualified investors with an additional funding mechanism for subscriptions and proceeds distribution. This differentiation carries significance because payment processing velocity and fund operational cycles function as distinct elements.

Additional asset management firms have explored comparable tokenized fund applications. WisdomTree secured regulatory authorization this year for continuous secondary market trading in a tokenized Treasury product. Franklin Templeton and Binance have similarly launched tokenized fund instruments available as institutional collateral in off-exchange environments.

MetaMask has launched a new self-custodial account that combines stablecoin yield, payments and trading in a single product, as wallet providers increasingly compete to become broader financial platforms rather than simple crypto storage tools.

The new “Money Account,” announced Tuesday by MetaMask parent Consensys, is built on the Monad blockchain and allows users to earn yield on stablecoin balances while spending funds through the MetaMask Card at merchants that accept Mastercard.

The account is centered around mUSD, MetaMask’s proprietary dollar-pegged stablecoin. Users who opt in can earn a variable annual percentage yield of up to 4% by having deposits automatically allocated to decentralized lending protocols including Morpho, with Aave integrations planned. Consensys said users retain custody of their assets throughout the process.

The launch reflects a broader push to make stablecoins more useful beyond trading and transfers. The stablecoin market has grown to more than $320 billion, according to MetaMask, while crypto-linked payment cards have gained traction as issuers look to bridge onchain assets with everyday spending.

Carl Rinsch, the director of 47 Ronin, has been sentenced to 30 months in prison after taking $11 million from Netflix, intended to fund the production of his sci-fi series White Horse, and blowing it on luxury goods and investments in dogecoin.

Rinsch was reportedly handed the lenient sentence on Monday after Judge Jed Rakoff heard statements from the likes of Keanu Reeves, and others who knew Rinsch, attesting to his poor mental health and good character. 

He was convicted of wire fraud in December 2025 after he misappropriated the millions Netflix gave him in 2020, during the COVID-19 pandemic, to help finish his series that had already cost $44 million. 

Rinsch moved the funds to personal brokerage accounts and lost most of it betting on COVID-related market trades. He was eventually left with $4 million and decided to spend it all on dogecoin. 

The move sort of paid off, and he managed to make $27 million from the investment. Rinsch later thanked a Kraken online chat representative, telling them, “god bless crypto.” 

He then reportedly bought five Rolls-Royces, a Ferrari, luxury watches, designer clothes, and spent millions on high-end furniture, including mattresses and antiques. 

Michael Saylor’s Strategy has paused its Bitcoin (BTC) acquisitions and announced plans to bolster its USD reserves and approve a Digital Credit Capital Framework to manage capital.

The Bitcoin treasury company is moving to overhaul its financing model, giving itself the power to buy back securities and sell up to $1.25 billion in BTC as it attempts to preserve liquidity and mitigate market pressure.

Digital Credit Capital Framework

The company disclosed the pause in acquisitions in an 8-K filing with the United States Securities and Exchange Commission (SEC). Instead of further acquisitions, Strategy plans to expand its USD reserves under a new Digital Credit Capital Framework. As part of the framework, the company has established a new policy to govern its USD reserve. The new policy mandates that the reserve be used only to support stock dividend obligations and interest payments on outstanding debt. The policy also mandates that the minimum USD reserve must cover at least 12 months of its expected annual preferred stock dividend and interest obligations.

Strategy disclosed a reserve balance of $2.55 billion as of June 28, up from $1.4 billion on June 21. The company is using proceeds from the at-the-market sale of MSTR, its Class A common stock, selling 12,669,017 MSTR shares for $1.15 billion. According to Strategy’s filing, it has $24.3 billion worth of MSTR shares available for issuance.

Digital Credit Securities Repurchase Program

Strategy also announced the Digital Credit Securities Repurchase Program, which allows it to repurchase up to $1 billion of its preferred securities, including STRC, STRF, STRD, and STRK. The program will initially focus on STRC, making periodic repurchases of the preferred stock. The company also announced a STRC dividend policy to evaluate the monthly dividend rate based on market yield, STRC trading levels, credit spreads, USD reserve coverage, capital market conditions, Bitcoin price and volatility, along with Strategy’s capital structure. The company stated in its filing, “The company will not necessarily increase the STRC dividend rate solely because STRC trades below its stated amount.”

It also announced a Common Stock Repurchase Program, authorizing the company to purchase up to $1 billion of its Class A common stock. However, these purchases will not be covered by the USD reserve.

STRC And MSTR Struggle

Strategy currently holds 847,363 BTC, valued at $50.9 billion at current prices. These coins were purchased at an average price of $75,651 per coin, bringing the total acquisition cost to $64.1 billion, saddling the company with a paper loss of $13.1 billion. Strategy’s STRC is a variable-rate cumulative preferred stock offering that offers monthly dividends. Adjustable rates are designed to keep it close to its $100 par value. The asset had become the driving force behind Strategy’s aggressive Bitcoin acquisitions. However, it has struggled to trade near $100 since mid-May, taking a backseat in Strategy’s recent acquisitions.

STRC fell to a new low of $71.25 as BTC plunged below $60,000. MSTR followed a similar trajectory, falling 30% in five days to $82.31, its lowest level since 2024. The Class A common stock is trading 82% lower than its July 2025 high of $455.90.

mNAV Falls Below 1

Strategy’s mNAV also fell below 1 on Friday, putting more pressure on the Bitcoin treasury company. Several Bitcoin treasury companies have seen their mNAV trade close to or slip below 1, according to data from mnav.com. Strategy executive chairman Michael Saylor stated he expects Strategy to be disciplined when issuing MSTR, especially when the company is trading near 1x mNAV.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.