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mStable USD can be traded using Coinbase Wallet, your key to the world of crypto.

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About mStable USD

MUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00. Unlike centralized stablecoins, MUSD isn’t backed by US dollars in a bank account. Instead, it’s backed by an array of other stablecoins deposited as collateral on the mStable protocol.

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:

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Some highlights about mStable USD on social media

71 unique individuals are talking about mStable USD and it is ranked #1,087 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, mStable USD has an average sentiment score of 3 out of 5. Finally, mStable USD is becoming more newsworthy, with 0 news articles published about mStable USD. This is a 0% increase in news volume compared to yesterday.

On Reddit, mStable USD was mentioned in 0 Reddit posts and there were 0 comments about mStable USD. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

71 people

Volume rank

#1,087

Average Sentiment

3 out of 5

Coinbase Bytes

Coinbase Bytes

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mStable USD price is unchanged in the past week.

FAQ

What is the current price of mStable USD?

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

What other assets are similar to mStable USD?

Assets that have a similar market cap to mStable USD include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy mStable USD on Coinbase?

Yes, mStable USD is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy mStable USD guide.

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