mStable USD (mUSD) is a stablecoin backed by a basket of USD-pegged stablecoins. More
| Fully Diluted Valuation | $2.87M |
|---|---|
| 24H Trading Volume | $96 |
| 24H Low / High | $0.99 / $ 1.02 |
| Circulating Supply | 2.88M |
| Total Supply | 2.88M |
| Max Supply | ∞ |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | James Simpson |
| Website | mstable.org |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Arkhamintelligence 2 more |
| Contracts |
0xe2f....935a5
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| Name | Pair | OG Score |
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mStable USD (mUSD) is a stablecoin created by James Simpson and Henrik Andersson. It’s part of the mStable platform, which combines different stablecoins into one asset. This setup aims to make stablecoin transactions more efficient and secure.
Key Features of mStable USD (mUSD)
mUSD is backed by a mix of USD-pegged stablecoins. Here’s what makes it stand out:
Deep Liquidity: mUSD has a large pool of assets, making it easy to exchange stablecoins with minimal slippage.
Flexible Minting and Redemption: You can mint or redeem mUSD using any approved USD-pegged stablecoin.
High Yield: mUSD offers attractive yields from lending, trading fees, and other sources.
Services and Uses
mStable offers several services:
Swap: Exchange USD stablecoins with no slippage.
Save: Store USD in a non-custodial mUSD savings account.
Earn: Participate in the MTA yield farming program to earn rewards and boost mUSD liquidity.
Founders and Team
mStable was founded by James Simpson and Henrik Andersson, who previously worked together at Apollo Capital. They created mStable to simplify and improve stablecoin use by combining swapping, saving, and earning into one system.
Why mStable USD (mUSD) is Unique
mUSD provides a secure and efficient way to handle USD on the blockchain. It offers some of the best risk-adjusted returns in DeFi, thanks to its diversified approach and decentralized governance.
mStable USD (mUSD) stands out due to its backing by a diverse basket of USD-pegged stablecoins, offering deep liquidity, zero-slippage swaps, and competitive yields from multiple income sources. Its flexible minting and redemption process further enhance its efficiency and security.
mStable USD (mUSD) was founded by James Simpson and Henrik Andersson, who previously collaborated at Apollo Capital to integrate stablecoin functionalities into a unified, efficient protocol.
Uniswap V2 (Ethereum), Balancer V2, Curve (Ethereum)
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