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mStable USD (MUSD) is the 1567th largest cryptocurrency in the world by market cap, valued at $6,153,968. The current price of mStable USD is $0.9976967, which is -0.626% lower than yesterday. Prices have ranged between $1.008 and $0.987488 over the past 24 hours. All prices are listed in US dollars and accurate as of March 25, 2023 08:03 UTC.
mStable is best described as an autonomous, non-custodial stablecoin platform that helps provide various decentralized finance (DeFi) protocols with a base monetary framework to work within. To elaborate on the system’s utility, mStable is designed to act as a “meta-asset” network enabling the creation of digital coins that are stronger than the sum of their parts.
According to the official project whitepaperwhitepaper mUSD is the native crypto offering associated with the platform and as the name suggests, it is supported monetarily by a basket of USD-pegged stablecoins allowing users to minimize their financial risks, especially those associated with daily volatility and price fluctuations. Lastly, the asset affords users with a wide range of benefits including a deep liquidity pool as well as an efficient and low slippage stablecoin exchange.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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