Overview

• Stablecoin Earn launched on Android on July 29, enabling more than one million MetaMask users to earn interest on USDC, USDT and DAI directly in their wallets and set to reach iOS later this week.
• Users deposit stablecoins into the Aave protocol through the MetaMask mobile app and receive corresponding aTokens that accrue yield without any lock-up period.
• Deposited assets remain under users’ self-custody and do not incur additional MetaMask fees for accessing Aave’s lending markets.
• Yield generation leverages Aave’s lending pool, which holds over $50 billion in total value locked, to provide passive returns on stablecoin deposits.
• A Mastercard-backed MetaMask payment card allows spending of yield-bearing aUSDC in real-world transactions while the tokens continue earning interest until purchase.