mStable USD (MUSD) is a decentralized stablecoin built on the Ethereum blockchain, designed to offer stability and reliability in cryptocurrency markets. It is backed by a basket of USD-pegged stablecoins and uses smart contract technology to ensure transparency and security. MUSD aims to provide a stable value, acting as a medium of exchange and unit of account within the DeFi ecosystem.
mStable USD operates using a combination of blockchain technology, smart contracts, and a unique asset-backing model. Here is how it works:
mStable USD's features allow for diverse use cases across the DeFi landscape:
mStable USD was conceived by James Simpson in 2019, with the goal of solving friction points in DeFi by integrating stablecoins, lending, and swapping into a unified protocol. Here are the key historical milestones:
MUSD continues to evolve as a significant player in the stablecoin sector, maintaining its peg through algorithmic adjustments and the backing of a diversified pool of stablecoins.
The mStable USD price is $1.5173 AUD, representing a -6.12% from the day prior.
The best place to buy mStable USD (MUSD) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell mStable USD (MUSD) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
The trading volume of mStable USD (MUSD) is $18.7K AUD in the last 24hrs, representing a -6.12% from the day prior.
mStable USD (MUSD) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of mStable USD (MUSD) is $4.7M AUD.
Yes - With Coinstash you can convert your mStable USD (MUSD) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of mStable USD (MUSD) is 3.0M.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling mStable USD (MUSD) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.