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Market cap: $2.62T ↓0.9% 24h volume: $76.8B BTC dominance: 60.0% BTC: $78,388 ↑1.9% ETH: $2,321 ↑2.6% Fear & Greed: 34 Fear Updated

Coins

Mezo USD MUSD

#663

$0.988−0.1% 24hMarket cap $29.1M24h volume $125,159

Overview

  • Best flexible rates

    No Earn products for MUSD right now

  • Active launchpools

    No active launchpools with MUSD right now

  • Next unlock

    No scheduled unlocks

  • Exchanges with this coin

    None of the 11 exchanges on Polarly has Earn products or launchpools with MUSD

About Mezo USD

Market cap
$29.1M
#663 on the market
Volume 24h
$125,159
0.4% of market cap
Circulating
29.5M MUSD
no max supply
All-time high
$1.37
24 Oct 2026 · −27.9% from ATH
All-time low
$0.906
13 Sep 2026
Type
Stablecoin
  • Stablecoins
  • USD Stablecoin
  • Ethereum Ecosystem
  • Base Ecosystem
  • +1

Project description

MUSD is Mezo's Bitcoin-backed stablecoin, minted when users deposit BTC as collateral and borrow against it at low, fixed rates. The system uses a collateralized debt position (CDP) model, where each MUSD is fully backed by Bitcoin and can be redeemed for BTC, helping MUSD maintain its 1:1 peg to USD. Borrowers can access high loan-to-value ratios (up to ~90%) while the system maintains over-collateralization (system >110%, typical user >150%). Positions below minimum collateral ratio are automatically liquidated to keep all MUSD fully backed.

Source: CoinGecko

Earn on MUSD

No Earn products for MUSD on the 11 exchanges right now

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Questions and answers

What is Mezo USD (MUSD)?
MUSD is Mezo's Bitcoin-backed stablecoin, minted when users deposit BTC as collateral and borrow against it at low, fixed rates. The system uses a collateralized debt position (CDP) model, where each MUSD is fully backed by Bitcoin and can be redeemed for BTC, helping MUSD maintain its 1:1 peg to USD. Categories: Stablecoins, USD Stablecoin, Ethereum Ecosystem, Base Ecosystem, Mezo Ecosystem.
How many MUSD are there and what is the maximum supply?
29.5M MUSD are in circulation; the maximum supply is not capped.
What is the all-time high price of MUSD?
$1.37 (24 Oct 2026). This is a historical value, not the current price. The price is now $0.988, 27.9% below the high.

Launchpools with MUSD

There have been no launchpools with MUSD