Buy mStable USD with Coinbase Wallet

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

Market

Market stats

Market cap

Not enough data

Volume (24h)

Not enough data

Circulating supply

Not enough data

All time high

Not enough data

Price change (1h)

0%

Price change (24h)

0%

Price change (7d)

0%

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:

News about mStable USD

The Block • Mar 18, 24

Dogwifhat memecoin’s iconic photo sold as NFT for $4.3 million

Crypto trader Gigantic Rebirth Ventures (GCR) made the winning bid of 1,210.8 ETH on the Foundation platform.

Read more

News Article Image

DL News • Mar 18, 24

Solana volume leapfrogs Ethereum as memecoin frenzy seen sending price to $415

Another memecoin frenzy has pushed Solana's overnight trading volumes higher than those of rival cryptocurrency Ethereum.

Read more

News Article Image

The Block • Mar 18, 24

Standard Chartered raises Bitcoin price target to $150,000 by year-end

Standard Chartered Bank has raised its bitcoin price prediction target to $150,000 from its previous estimate of $100,000.

Read more

News Article Image

The Block • Mar 18, 24

Figure launches new blockchain-focused entity after raising $60 million in Series A

Figure Technologies announced that it is launching a company named Figure Markets, focused on developing a blockchain-native exchange.

Read more

News Article Image

BeInCrypto • Mar 18, 24

Solana Skyrockets Past $200: Unveiling 3 Key Growth Drivers

Solana breaks the $200 mark, driven by its expanding DeFi ecosystem, record DEX volumes, and robust staking growth, signaling a strong market position and future potential.The post Solana Skyrockets Past $200: Unveiling 3 Key Growth Drivers appeared first on BeInCrypto.

Read more

News Article Image

The Block • Mar 18, 24

Spot bitcoin ETFs reach record highs for weekly inflows and trading volume

Weekly net inflows into U.S. spot bitcoin ETFs reached a record $2.57 billion last week. Trading volume also hit a record $35.1 billion.

Read more

News Article Image

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to mStable USD in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Discover more assets

A selection of other relevant cryptocurrencies

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

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.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.