Meta USD ($MUSD) is a decentralized stablecoin pegged to the US dollar, operating on the Sui network. More
Fully Diluted Valuation | $4.21M |
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24H Trading Volume | $16,790 |
24H Low / High | $0.99 / $ 1.00 |
Circulating Supply | 4.20M |
Total Supply | 4.20M |
Max Supply | ∞ |
Categories | Decentralized Finance (DeFi) 4 more |
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Founder | Anonymous |
Website | mstable.io Whitepaper |
Socials | |
Chains | Sui Ecosystem |
Explorer | Suiscan 1 more |
Contracts |
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Name | Pair | OG Score |
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Meta USD ($MUSD) is a decentralized stablecoin developed within the METASTABLE protocol, which is incubated by Aftermath Finance. Operating on the Sui network, $MUSD is pegged to the US dollar, providing users with a stable digital asset for various decentralized finance (DeFi) applications.
Background of METASTABLE Protocol
METASTABLE is a decentralized vault system that allows users to deposit supported assets—either bridged or native—and mint stablecoins such as $MUSD. The protocol also supports mETH, an ETH-pegged coin. By leveraging oracle-based exchange rates, METASTABLE determines the value of deposited assets, facilitating the seamless minting of stablecoins. This approach enhances liquidity and capital efficiency within the Sui ecosystem.
Key Features of Meta USD ($MUSD)
Use Cases of Meta USD ($MUSD)
Conclusion
Meta USD ($MUSD) represents a significant advancement in the DeFi landscape, offering a stable and decentralized digital asset within the Sui ecosystem. Through the innovative features of the METASTABLE protocol, users can mint stablecoins, optimize yields, and participate in a variety of financial services, all while maintaining control over their assets. The collaboration between Aftermath Finance and the Sui network underscores a commitment to enhancing the accessibility and efficiency of decentralized finance.
Meta USD ($MUSD) utilizes oracle-based exchange rates and allows deposited assets to be lent out for increased yield, enhancing capital efficiency within the Sui ecosystem.
The specific founders of Meta USD ($MUSD) are not publicly disclosed. However, the protocol is incubated by Aftermath Finance, which leads its development.
Aftermath Finance, the incubator of METASTABLE, has partnerships with leading companies such as Mysten Labs, Ottersec, Wormhole, Pyth, Elixir, THORWallet, Nightly, Bucket, Scallop, Surf, and SuiNS.
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