Rank #451
mstable usd  (MUSD)

mStable USD (MUSD)

$0.998221 0.3%
0.00002726 BTC 3.8%
0.00040792 ETH 4.3%
824 people like this
$0.985729
24H Range
$0.999972
Market Cap $81,753,357
24 Hour Trading Vol $245,165
Circulating Supply 81,981,523
Total Supply 81,981,523
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MUSD
USD
USD

mStable USD (MUSD) Price Chart

Live Chart

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1h
24h
7d
14d
30d
1y
0.1%
0.3%
0.3%
0.0%
0.0%
-1.2%

MUSD Price and Market Stats

MUSD Price $0.998221
Market Cap $81,753,357
Market Cap Dominance 0.00%
Trading Volume $245,165
Volume / Market Cap 0.003
24h Low / 24h High $0.985729 / $0.999972
7d Low / 7d High $0.983488 / $1.01
Market Cap Rank #451
All-Time High $1.22 -17.9%
Oct 12, 2021 (4 months)
All-Time Low $0.806441 23.8%
May 19, 2021 (8 months)

mStable USD Coin Price & Market Data

mStable USD price today is $0.998221 with a 24-hour trading volume of $245,165. MUSD price is up 0.3% in the last 24 hours. It has a circulating supply of 82 Million MUSD coins and a total supply of 82 Million. If you are looking to buy or sell mStable USD, Coinbase Exchange is currently the most active exchange.

What is mUSD?

mUSD is a stablecoin that is backed by USDT, USDC, sUSD, and DAI. It is designed by mStable to address both the fragmentation of USD-pegged stablecoins and the lack of native yield by uniting stablecoin swapping and lending.

What is mStable?

mStable is a protocol that unites stablecoins, lending, and swapping into one robust standard - making them a stablecoin infrastructure. mStable offers a range of services in which users can:

  • Swap: USD stablecoin swaps with zero-slippage. 
  • Save: A non-custodial savings account that allows users to have an mUSD savings account. 
  • Earn: MTA yield farming program to boost the liquidity of mUSD. Users can stake various Liquidity Provider (LP) tokens to earn MTA

Users can convert mUSD into imUSD to earn returns. Similar to how yUSD by Yearn Finance and Curve works, imUSD is a pool of yield-bearing USD tokens. The underlying USD tokens are lent on decentralized lending markets such as Compound and AAVE. imUSD holders will have three sources of yield:

  1. Lending return 
  2. Swap fees
  3. MTA yield farming rewards

The returns are claimable in the form of mUSD. If one of the USD tokens is de-pegged from USD, staked MTA will be liquidated to re-collateralize mUSD.

Basically, mUSD is a stablecoin and imUSD is the yield bearing version of it.

How to obtain mUSD?

You can obtain mUSD by swapping your assets for mUSD on Uniswap. You can also find mUSD trading on various decentralized cryptocurrency exchanges.

Another way to obtain mUSD is to mint it on mStable.

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