Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
MonoSwap USD news
About MonoSwap USD
MonoSwap represents a meticulously crafted ecosystem-centric, yield-driven Decentralized Exchange (DEX), and Launchpad, seamlessly integrated with the robust Blast framework.
MUSD is our way of giving back the native yield and the gas revenue share from Blast, along with other sources of revenue, to MonoSwap's users and supporters.
The collateral comes from:
- Users deposit USDB at the market rate in order to mint new MUSD.
- Part of the fees from transactions on MonoSwap will be converted to USDB and deposited into the collateral to back MUSD. This deposit does not put new MUSD in circulation.
- All of Blast's native yield from ETH, USDB, and gas revenue share will be gathered in the Mono Treasury then converted into USDB and deposited into the collateral to back MUSD, which does not put new MUSD in circulation too.
MUSD Features
- MUSD is not pegged but backed by the yield-generating USDB - Blast's auto-rebasing stablecoin
- With a unique mechanism, MUSD's price does not go down, and can't be lower than USDB
- MUSD holds value down to the last holder even when everyone sells out
- The value of MUSD can increase faster after a massive dump
- Anyone can redeem MUSD for USDB at any time
- Value growth is attentively controlled
There’s no maximum supply
The live MonoSwap USD price today is $1.32 USD with a 24-hour trading volume of $43.12 USD. We update our MUSD to USD price in real-time. MonoSwap USD is down 0.17% in the last 24 hours. The current CoinMarketCap ranking is #7466, with a live market cap of not available. The circulating supply is not available and a max. supply of 212,447 MUSD coins.