Coins

Mustang

Rank #2987

must

Mustang

must Mustang

0.12% (24h)

-0.18% (24h)

Contract

Website

must.finance app.must.finance docs.must.finance

Explorers

sagaevm.sagaexplorer.io

Community

Twitter

Search on

Twitter

API id

Source code

Github

Mustang Price Statistics

Mustang Price

0.9936 $

24h Low / 24h High

0.9914 $ / 0.9931 $

Trading Volume

57,952.6886 $

Market Cap Rank

#2987

Market Cap

1,93 MLN. $

All-Time High

0.9982 $

-0.46%

14 December, 2025, (15 days ago)

All-Time Low

0.9913 $

0.23%

17 December, 2025, (11 days ago)

Mustang Top Markets

Exchange

Pair

Trust Score

Oku Trade (Saga)

Mustang Performance

Trading Pair

day

week

month

must / usd

0.12%

0.03%

must / btc

-0.18%

0.8%

1.88%

must / eth

-0.64%

1.51%

3.27%

Mustang Finance is a decentralized borrowing protocol that lets users deposit WETH, tBTC, SAGA, stATOM, KING, yETH, and yUSD as collateral, and mint the stablecoin MUST at an interest rate depositors choose. Mustang Finance is a Liquity V2 fork built specifically for the Saga EVM. The main use-cases for Mustang Finance are: - Borrow MUST - 1-click multiply exposure to collateral assets - Earn yield by depositing MUST in the stability pool or farming elsewhere What is MUST? MUST is the USD-pegged stablecoin issued by the Mustang Finance protocol. It's decentralized, overcollateralized, and backed only by a basket of crypto native assets. MUST is a resilient stablecoin by design: - Only backed by crypto assets ("no real world assets" like US Treasuries) - Directly redeemable for the underlying assets at any time by any one permissionlessly (always convertible in a fast and liquid way) - Can only be created by users depositing more collateral. - What are MUST's main benefits compared to other stablecoins? - MUST is backed by a variety of LSTs, LRTs, plus ETH, ARB, and COMP. - It is always redeemable for the underlying assets, meaning you can always swap it as if worth $1, for the collateral backing it - MUST has native incentives via Protocol Incentivized Liquidity (PIL) directed by governance, ensuring that there will always be sufficient liquidity to handle transactions - MUST is Saga EVM native, and is built specifically for the fast and free-to use Saga EVM network. What is MUST's peg mechanism? - Mustang Finance uses Liquity V2's market-driven monetary policy through user-set interest rates to maintain - MUST's peg and to dynamically respond to situations where the token is above or below $1.00. When MUST trades above $1, borrowers tend to reduce their rates due to lower redemption risk, making borrowing more and holding MUST less attractive. This helps correct the price downwards. In contrast, when MUST trades below $1, arbitrageurs will initiate redemptions to restore the peg. Borrowers' exposure to redemption risk prompts them to increase interest rates, boosting demand for MUST (and Earn deposits) and pushing its price upward.

Where is Mustang available for purchase?

You can exchange MUST tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Mustang is Oku Trade (Saga), notably the MUST/D pair, which saw a trading volume of $ 323.16 in the past day.

What is the highest value Mustang (MUST) has ever reached?

Mustang (MUST) reached its peak price at 0.9982 $ on 14 December 2025, approximately 15 days ago ago. Presently, the current price is -0.46% lower than this all-time high.

What is the historical minimum price for Mustang (MUST)?

The minimum price reached for Mustang (MUST) was 0.9913 $, documented on 17 December 2025, more than 11 days ago. In comparison, the current price is 0.23%, it above this historical low.

What is the fully diluted valuation of Mustang (MUST)?

The fully diluted valuation (FDV) of Mustang (MUST) stands at $ 1,73 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of MUST tokens. The realization of this FDV might take several years depending on the emission schedule of MUST tokens.

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