METASTABLE is a decentralized vault system deployed on the Sui network. The protocol enables users to deposit supported assets—bridged or native—and mint a stablecoin, mUSD, which is pegged to the US dollar. Users can utilize mUSD in AMMs, lending platforms, and other protocols while earning mPOINTS that may translate into future token rewards distributed via airdrops. Vaults also support lending out deposited assets for increased yield and capital efficiency.
Unlike a strict 1:1 minting model, METASTABLE relies on oracle-based exchange rates (e.g., Pyth price feeds) to determine the exchange rate between deposited assets and mUSD. With oracle feeds in place, the protocol can adapt to different price sources and handle a wide array of assets seamlessly. Using asset's exact on-chain exchange rate enables slippageless trades between assets supported by the vault, as opposed to slippage-prone, AMM counterparts.
Although METASTABLE currently focuses on USD-pegged stablecoins, its architecture has been designed modularly to allow extending the protocol with new meta coins. One could imagine a future where METASTABLE supports the creation of other meta coins, such as mBTC or mETH.
Where is Meta USD available for purchase?
You can exchange MUSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Meta USD is Cetus, notably the MUSD/USDC pair, which saw a trading volume of $ 214,771 in the past day. Additionally, Aftermath Finance and Bluefin are popular alternatives for trading tokens.
What is the highest value Meta USD (MUSD) has ever reached?
Meta USD (MUSD) reached its peak price at 1.086 $ on 06 February 2025, approximately 6 months ago ago. Presently, the current price is -8.17% lower than this all-time high.
What is the historical minimum price for Meta USD (MUSD)?
The minimum price reached for Meta USD (MUSD) was 0.0009654 $, documented on 24 January 2025, more than 7 months ago. In comparison, the current price is 103,191.76%, it above this historical low.
What is the fully diluted valuation of Meta USD (MUSD)?
The fully diluted valuation (FDV) of Meta USD (MUSD) stands at $ 4,39 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of MUSD tokens. The realization of this FDV might take several years depending on the emission schedule of MUSD tokens.