MetaMask USD

MUSD Price

About MetaMask USD (mUSD)

MetaMask USD (mUSD) is a fiat-backed stablecoin issued by MetaMask, designed to maintain a 1:1 peg with the US Dollar.

• It enables seamless on- and off-ramping between cryptocurrency and fiat within the MetaMask ecosystem.
• The token supports instant settlement and low-friction transfers for users of MetaMask products, including the MetaMask Card.
• mUSD is designed for interoperability across multiple blockchain networks, including Ethereum, Linea, and Monad.

What Is MetaMask USD

MetaMask USD is the native stablecoin of the MetaMask ecosystem, developed to bridge the gap between digital assets and traditional finance. It serves as a core unit of account within the wallet's interface, allowing users to view their portfolio value and execute transactions in a stable digital representation of the US Dollar. The token is primarily "put to work" through its integration with the MetaMask Card, enabling users to spend their on-chain holdings at millions of merchant locations globally. As the ecosystem scales, mUSD aims to reduce friction in global trade and peer-to-peer value transfer by providing a consistent and interoperable medium of exchange.

What Makes MetaMask USD Unique

• Direct Wallet Integration: Unlike other stablecoins, mUSD is natively integrated into the MetaMask interface, providing a streamlined user experience for the world's most widely used non-custodial wallet.
• MetaMask Card Synergy: It is specifically optimized for use with the MetaMask Card, facilitating real-time conversion and spending of crypto assets.
• Multi-Chain Interoperability: From launch, the token is supported across diverse ecosystems including Ethereum, Linea, and Monad.

What Can You Use MetaMask USD for?

MetaMask USD is pegged to the US Dollar.

1. Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the volatility of the broader cryptocurrency market.
2. Yield generation: Available sources do not specify native yield options or sovereign debt backing for mUSD.
3. Cross-border settlement / value transfer: It facilitates international remittances and frictionless cross-border transfer of US Dollar value through low-friction blockchain transfers and instant settlement.
4. Collateralization: The source does not specify the use of mUSD as collateral in borrowing or lending protocols.

How Does MetaMask USD Work?

MetaMask USD operates as a fiat-backed stablecoin, where each token in circulation is designed to be backed by a corresponding reserve of US Dollar-denominated assets. The token is issued on the Ethereum network and is also available on Layer 2 solutions like Linea and high-performance networks like Monad. It utilizes smart contracts to manage issuance and redemption, ensuring that the 1:1 peg is maintained through transparent reserve management.

Team Info and Investors

MetaMask USD is issued and managed by MetaMask, a product of Consensys, a leading blockchain technology company founded by Joseph Lubin. Consensys has documented backing from major institutional investors, though specific funding rounds dedicated solely to mUSD have not been disclosed in available sources.

Where can you buy MetaMask USD?

MUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade MetaMask USD is Uniswap V4 (Monad), where the most active trading pair MUSD/USDC has a trading volume of $6,489,993.28 in the last 24 hours. Other popular options include Uniswap V4 (Linea) and Etherex.

What is the daily trading volume of MetaMask USD (MUSD)?

The trading volume of MetaMask USD (MUSD) is $6,551,853.51 in the last 24 hours, representing a 1.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for MetaMask USD (MUSD)?

MetaMask USD (MUSD) reached an all-time high of $107.24 and an all-time low of $0.9618. It’s now trading -99.10% below that peak and 3.90% above its lowest price.

What is the market cap of MetaMask USD (MUSD)?

Market capitalization of MetaMask USD (MUSD) is $31,763,006 and is ranked #617 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MUSD tokens (32 Million tokens are tradable on the market today).

What is the fully diluted valuation of MetaMask USD (MUSD)?

The fully diluted valuation (FDV) of MetaMask USD (MUSD) is $31,763,006. This is a statistical representation of the maximum market cap, assuming total number of 32 Million ETH tokens are in circulation today.

How does the price performance of MetaMask USD compare against its peers?

With a price decline of 0.00% in the last 7 days, MetaMask USD (MUSD) is outperforming the global cryptocurrency market which is down -0.40%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.60%.

How to add MetaMask USD (MUSD) to MetaMask?

Adding MetaMask USD (MUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MUSD as a token. You can copy MUSD’s contract address (0xaca92e438df0b2401ff60da7e4337b687a2435da) and import it manually, or if you've installed MetaMask's chrome extension, add MUSD to MetaMask with one click on CoinGecko.

Add MUSD to MetaMask.