| Rang | Nom | Prix | Évolution (24h) | Offre totale | En circulation | |
|---|---|---|---|---|---|---|
| 1081 |
MUSD
Mezo USD
MUSD
| $ 0.99 | + 0.31% | 21 957 461 | 21 957 461 | X-Ray |
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.