mStable USD (MUSD) price has declined today.
The price of mStable USD (MUSD) is $1.00 today with a 24-hour trading volume of $20,524.65. This represents a -0.4546747042916144% price decline in the last 24 hours and a 0.9009810938943017% price increase in the past 7 days. With a circulating supply of 8.4 Million MUSD, mStable USD is valued at a market cap of $8,400,368.
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.
Where can you buy mStable USD?
MUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade mStable USD is Curve (Ethereum), where the most active trading pair MUSD/3CRV has a trading volume of $20,529.34 in the last 24 hours. Other popular options include Uniswap (v2) and Balancer (v1).
What is the daily trading volume of mStable USD (MUSD)?
The trading volume of mStable USD (MUSD) is $20,524.65 in the last 24 hours, representing a 20959.22% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for mStable USD (MUSD)?
The highest price paid for mStable USD (MUSD) is $2.71, which was recorded on Jul 25, 2022 (6 months). Comparatively, the current price is -63.0% lower than the all-time high price.
What is the all-time low for mStable USD (MUSD)?
The lowest price paid for mStable USD (MUSD) is $0.806441, which was recorded on May 19, 2021 (over 1 year). Comparatively, the current price is 24.2% higher than the all-time low price.
What is the market cap of mStable USD (MUSD)?
Market capitalization of mStable USD (MUSD) is $8,400,368 and is ranked #1007 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MUSD tokens (8.4 Million tokens are tradable on the market today).
How does the price performance of mStable USD compare against its peers?
With a price increase of 0.90% in the last 7 days, mStable USD (MUSD) is underperforming the global cryptocurrency market which is up 3.69%, while outperforming when compared to similar Stablecoins cryptocurrencies which are up 0.34%.
What is the market sentiment of mStable USD today?
There are no votes on mStable USD (MUSD) today. Be the first to vote and share this with your community.
How to add mStable USD (MUSD) to MetaMask?
Adding mStable 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 (0xe2f2a5c287993345a840db3b0845fbc70f5935a5) and import it manually, or add MUSD to MetaMask with one click on CoinGecko.
Add MUSD to MetaMask.