What Is mStable USD (mUSD)?
mUSD is a stablecoin that belongs to the mStable platform, which is a stablecoin infrastructure that combines stablecoin swapping, lending, saving, and a variety of mStable assets. Besides, developers can build decentralized applications (dApps) on top of mStable since it provides them with a base layer collateral protocol. The native token of mStable platform is MTA. If you're interested in the current mUSD price, check out the mStable USD price chart above to see that yourself.
mStable has a variety of stablecoins (or mStable assets). mUSD, however, is the one that is backed by a basket of stablecoins that are pegged to the US Dollar. This includes USDC, USDT, DAI, and sUSD. The mStable smart contracts allow for the permissionless creation of mUSD and redemption using the stablecoins from the basket it is backed by. Besides, the basket ensures that the mUSD price stays pegged to the price of the US Dollar at a 1:1 ratio.
This essentially means that the mStable USD price stays pretty stable, even during the fluctuations of the whole crypto market. Though note that the mUSD price is still subject to some degree of fluctuation. However, it usually stays very close to $1.
Overall, mUSD tokens can be swapped with other USD stablecoins, transferred into an mUSD saving account, or converted into imUSD to generate yield. imUSD essentially is a pool of USD tokens that are able to bring yield and that can be lent on such lending markets as Compound.
Due to its competitive risk-adjusted saving annual percentage yields (APYs), mUSD stands out among other DeFi products. The aforementioned APYs derive from the lending returns, token swapping fees, and MTA token farming returns.
The Founders of mStable
James Simpson and Henrik Andersson are the founders of mStable.
James Simpson is the CEO of mStable. Prior to founding mStable, he worked as a Data Analytics Consultant at KPMG Australia. Besides, he is also an Advisor at Apollo Capital.
Henrik Andersson is the Lead Advisor of mStable. In the past, he worked at such companies as Enskilda Securities, EAF, Precise Asset Management, Meld Gold, and so on. Besides, he also co-founded Bitcoin Exchange and is currently working as the CIO of Apollo Capital and the Honorary Senior Advisor at Monash University.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
25.95K
Followers: 25,950
0.01%
Following
175
3.55%
Posts count
2,022
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Moderators
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These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
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Title
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These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
52 / 100
0.00%
Ahrefs Rank
607,707
0.82%
Organic Traffic (mo.)
29
0.00%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
26
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Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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mStable USD hot topics
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