MetaMask launches Mastercard-backed MetaMask Card nationwide, adds $199 Metal tier
MetaMask (ConsenSys) has launched the MetaMask Card across all 50 US states, including New York, rolling out a Mastercard-backed crypto payment card that preserves self-custody until the point of payment. The card is issued by Cross River Bank with operational support from Monavate and integrates with Mastercard’s network, Apple Pay and Google Pay. The standard (virtual-first) card offers up to 1% back in mUSD; a premium MetaMask Metal physical card is available for a $199/year subscription and offers up to 3% back on the first $10,000 of annual spending, higher spending and ATM limits, and no foreign transaction fees. Unspent fiat or crypto-converted balances can earn yield through integrations with decentralized lending protocols such as Aave. The product is already live in multiple international markets (Argentina, Brazil, Canada, Colombia, Mexico, Switzerland, the UK and EEA) with further expansion planned. For traders, the rollout increases fiat-crypto onramps and real-world utility for on-chain assets while maintaining non-custodial control — a factor that could lift retail demand for stablecoins and tokenized payments rails.
Bullish
The MetaMask Card rollout is likely bullish for the on-chain assets and stablecoins tied to the product because it improves fiat-crypto onramps and real-world utility while preserving non-custodial custody. Short-term, the announcement can drive increased retail interest and card sign-ups, boosting demand for mUSD and other stablecoins used for instant settlement and cashback rewards; this may create upward price pressure or higher stablecoin circulation. Longer-term, broader merchant acceptance via Mastercard and wallet-level custody could increase transaction velocity and mainstream use of tokenized payment rails, supporting sustained demand. Risks that temper the bullish view include regulatory scrutiny, credit/issuer constraints, and limited immediate large-scale capital flows; however, the product’s non-custodial angle differentiates it from custodial crypto cards and may attract privacy- and control-conscious users, reinforcing positive adoption trends.