CryptoCurrencies
18002
Exchanges
500
Total Market Cap
4,167,298,995,314
Volume 24h
216,008,284,534
Dominance
BTC 55.68%   ETH 11.91%   XRP 4.70%   USDT 3.95%

Mezo USD
MUSD

0
$
0.00 %
Change 24h
Market Cap
$ 0
Total Supply
50,000,000
MUSD
$
# Exchange Pair Price Volume 24h

Description

MUSD is Mezo's native stablecoin, 100% backed by Bitcoin reserves and designed to maintain a 1:1 value with the US dollar. This is advantageous compared to other DeFi lending platforms due to the competitive collateralization requirements in the market, which are significantly more capital-efficient compared to other major DeFi protocols. To ensure that the entire stablecoin supply remains fully backed by collateral, if a position falls under the minimum collateral ratio, it will be closed (liquidated). This ensures the health and stability of the MUSD model. For more information: https://mezo.org/docs/users/musd