mStable (mUSD) is a noncustodial and self-governing stablecoin infrastructure to offer a base layer collateral protocol to develop DeFi applications and the creation of meta-assets, which are fully backed by a diversified basket of existing tokenized same-base assets. Noncustodial stablecoins are tokens where the private key to the wallet is completely controlled by its owner without involvement of a third party. Each meta-asset is a pegged-value crypto asset and represents a liquidity share in the underlying asset pool. Besides, these assets are minted or redeemed on-chain via the noncustodial mStable smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain. The mStable contracts allow underlying assets to be exchanged or swapped for a fee. Through the meta-asset creation, mStable caters to the following problems:

mStable assets are designed to generate a native yield for users who deposit mBTC or mUSD into mStable's Save Contract. mUSD is introduced by mStable as the first meta-asset composed of USD stablecoin assets, whereas mBTC is a crypto asset pegged to BTC price, backed by a tokenized BTC pool on the Ethereum network. Save Contract is mStable's non-custodial savings account, designed to be an accessible and reliable place to earn yield on the pegged-value crypto assets. 

When users deposit their mUSD or mBTC assets into the Save Contract, they earn yield. Further, the user gets an yield-bearing imUSD or imBTC token. These yield-bearing tokens only appreciate over time and do not have a one-to-one relationship to the underlying peg's value. They can be redeemed for the underlying mBTC or mUSD at any time, resulting in the user receiving the accrued yield along with the original deposit.

In addition, mUSD aims to serve the following utilities:

Further, MTA, as a governance token of the mStable protocol, has the following utility on the ecosystem:

James Simpson is the cofounder of the mStable platform.

mUSD can be acquired in the following ways:

For MTA, the users choose to deposit MTA into the staking contract and receive voting power, MTA rewards, and boosted rewards in return.

The MTA Staking v2 was launched on August 16, 2021, and is the upgraded version of Staking-1 (ended in September 2021). The new staking implementation offered many changes to the way users can stake MTA to become MTA governors, including:

MTA has a maximum total supply of 100,000,000 tokens.

mStable can be obtained on decentralized and centralized exchanges like Coinbase.

We update our mStable USD to GBP currency in real-time. Get the live price of mStable USD on Coinbase.

The current market cap of mStable USD is £2.102M. A high market cap implies that the asset is highly valued by the market.

The all-time high of mStable USD is £0.00000000000000000076. This all-time high is highest price paid for mStable USD since it was launched.

Over the last 24 hours, the trading volume of mStable USD is £26.087.

Assets that have a similar market cap to mStable USD include Orion Protocol, CashBackPro, Mt Pelerin Shares, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of mStable USD is 2.9 million.

mStable USD ranks 331 among tradable assets on Coinbase. Popularity is currently based on relative market cap.