mStable USD

MUSD Price

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.

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 $214.46 in the last 24 hours.

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

The trading volume of mStable USD (MUSD) is $238.20 in the last 24 hours, representing a 0.00% 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 mStable USD (MUSD)?

mStable USD (MUSD) reached an all-time high of $5.51 and an all-time low of $0.2522. It’s now trading -81.90% below that peak and 295.50% above its lowest price.

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

Market capitalization of mStable USD (MUSD) is $2,868,631 and is ranked #2110 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MUSD tokens (2.9 Million tokens are tradable on the market today).

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

The fully diluted valuation (FDV) of mStable USD (MUSD) is $2,868,631. This is a statistical representation of the maximum market cap, assuming total number of 2.9 Million ETH tokens are in circulation today.

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

With a price decline of -0.20% in the last 7 days, mStable USD (MUSD) is outperforming the global cryptocurrency market which is down -4.60%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.

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 if you've installed MetaMask's chrome extension, add MUSD to MetaMask with one click on CoinGecko.

Add MUSD to MetaMask.