MetaMask has launched a new feature aimed at stablecoin holders seeking passive income opportunities.
On July 28, the platform rolled out “Stablecoin Earn,” a yield-generating service available directly through the MetaMask mobile app.
According to the official announcement on X, the new product allows users to deposit major stablecoins — including USDC, USDT, and DAI — and start earning interest without locking up their funds. The deposits are funneled through the Aave protocol, a leading decentralized lending platform, allowing users to earn yield while maintaining full custody of their assets.
Introducing: Stablecoin Earn
Start depositing your stablecoins and start earning yield, directly in MetaMask.
Powered by @aave 💜 pic.twitter.com/PFdJOF5Mph
— MetaMask.eth 🦊 (@MetaMask) July 28, 2025
Currently live on Android, MetaMask says iOS users can expect access to the feature later this week.
Once a deposit is made, users receive “aTokens” — yield-bearing versions of their stablecoins (such as aUSDC for USDC deposits) — which represent their claim on the underlying assets and the earned interest. These aTokens automatically accrue yield over time, and users can monitor their earnings in real-time via MetaMask’s “variable reward rates” dashboard within the app.
Importantly, Stablecoin Earn does not impose any lock-up periods or withdrawal penalties. Users are free to withdraw their funds at any time, with no added fees from MetaMask for using the service.
The move comes amid a broader industry trend of integrating stablecoin rewards into mainstream platforms. Binance recently introduced RWUSD, a tokenized RWA (real-world asset) backed by U.S. Treasury Bonds offering a 4.2% APR. PayPal, meanwhile, has launched its own PYUSD Rewards program, providing daily yield opportunities to users holding at least 1.0 PYUSD based on a floating rewards rate.
In March, MetaMask unveiled a major overhaul of its interface and introduced a host of new features, including native support for Solana and Bitcoin. The update expanded MetaMask’s functionality beyond Ethereum and EVM-compatible blockchains.
With this latest feature, MetaMask is positioning itself as more than just a wallet — it’s becoming a user-friendly gateway for decentralized finance.
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