mStable USD Coin Price & Market Data
mStable USD price today is $0.984303 with a 24-hour trading volume of $7,210.67. MUSD price is up 3.2% in the last 24 hours. It has a circulating supply of 38 Million MUSD coins and a max supply of 37.7 Million. If you are looking to buy or sell mStable USD, Balancer (v1) 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:
- Lending return
- Swap fees
- 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?
Another way to obtain mUSD is to mint it on mStable.