Stablecoin Information
MUSD is a permissionless stablecoin 100% backed by Bitcoin reserves and designed to maintain a 1:1 peg with the U.S. dollar.
Category:crypto-backed
Minting and Redemption
MUSD uses a CDP (collateralized debt position) model. Every outstanding MUSD is redeemable for Bitcoin. $1 in BTC collateral can be used to mint 1 MUSD.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.04% | -0.46% | -1.30% | 29.21m | ||
| 100% | -6.59% | -0.78% | -3.65% | 892,086.61 |