Consensys has partnered with Aave to integrate a new Stablecoin Earn feature into MetaMask wallets, enabling over 100 million users to generate passive income directly through the mobile app. Launched on July 29 for Android devices (with iOS rollout imminent), the feature allows deposits of USDC, USDT, or DAI stablecoins into Aave's lending protocol without lock-up periods or additional fees.
Users maintain full self-custody while receiving equivalent aTokens (e.g., aUSDC) that accrue variable rewards in real-time, viewable via the wallet interface. Powered by Aave—which holds $35 billion in TVL—the integration eliminates traditional DeFi complexity, letting users withdraw funds instantly. MetaMask's Global Product Lead Gal Eldar emphasized the goal of "putting stablecoins to work" for mainstream adoption, while Aave founder Stani Kulechov highlighted accessibility improvements.
The collaboration follows MetaMask's June acquisition of Web3Auth to enhance wallet security and accompanies the MetaMask Card, enabling real-world spending of yield-bearing aTokens. This launch occurs amid surging institutional interest in Aave, whose token rose 14.76% monthly to $291.78, with 24-hour trading volume up 52%.