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Meta USD MUSD Logo
Meta USD MUSD
$1.00100 0.21%
OG Score 0
Reviews 0
Meta USD MUSD Logo

Meta USD MUSD Price

$1.00100 0.21%
Low All Time High
$0.00096541 $1.086

Introduction

Meta USD ($MUSD) is a decentralized stablecoin pegged to the US dollar, operating on the Sui network. More

OG Score 0
Reviews 0
Market Cap $4.21M
Market Cap Rank # 2547

Token Stats

Fully Diluted Valuation $4.21M
24H Trading Volume $16,790
24H Low / High $0.99 / $ 1.00
Circulating Supply 4.20M
Total Supply 4.20M
Max Supply

Info

Categories Decentralized Finance (DeFi) 4 more
Founder Anonymous
Website mstable.io Whitepaper
Socials
Chains Sui Ecosystem
Explorer Suiscan 1 more
Contracts Meta USD 0xe44....:MUSD

MUSD/USD Price Chart

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$MUSD Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Meta USD $musd User Reviews

What Crypto OGs are Saying About Meta USD

$musd Markets

Name Pair OG Score

About Meta USD $musd

What is Meta USD (MUSD)?

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)

  • Decentralized Minting: Users can deposit supported assets into METASTABLE vaults to mint $MUSD, ensuring a decentralized and trustless process.
     
  • Oracle-Based Exchange Rates: The protocol utilizes oracle feeds, such as Pyth price feeds, to determine accurate exchange rates between deposited assets and minted stablecoins, minimizing slippage and enhancing trading efficiency.
     
  • Composability: $MUSD can be integrated into various DeFi platforms, including automated market makers (AMMs) and lending protocols, allowing users to earn yields and participate in diverse financial activities.
     
  • Yield Optimization: Deposited assets within the vaults can be lent out to generate additional yield, improving capital efficiency for users.

Use Cases of Meta USD ($MUSD)

  • Stable Medium of Exchange: As a US dollar-pegged stablecoin, $MUSD serves as a reliable medium of exchange within the Sui ecosystem, facilitating transactions without exposure to cryptocurrency volatility.
     
  • DeFi Integration: Users can utilize $MUSD in various DeFi applications, such as AMMs and lending platforms, to earn yields and participate in decentralized financial services.
     
  • Liquidity Provision: By providing liquidity in $MUSD pairs, users can earn fees and incentives, contributing to the overall liquidity and stability of the Sui network.

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.

What is unique about Meta USD (MUSD)?

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.

Who are the founders of Meta USD (MUSD)?

The specific founders of Meta USD ($MUSD) are not publicly disclosed. However, the protocol is incubated by Aftermath Finance, which leads its development.
 

Who are the backers/investors of Meta USD (MUSD)?

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.

Where can I buy Meta USD (MUSD)?

 Cetus

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