MUSD is Mezo's Bitcoin-backed stablecoin, minted when users deposit BTC as collateral and borrow against it at low, fixed rates. The system uses a collateralized debt position (CDP) model, where each MUSD is fully backed by Bitcoin and can be redeemed for BTC, helping MUSD maintain its 1:1 peg to USD. Borrowers can access high loan-to-value ratios (up to ~90%) while the system maintains over-collateralization (system >110%, typical user >150%). Positions below minimum collateral ratio are automatically liquidated to keep all MUSD fully backed.

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Liquidity-Weighted Average Price

Weighted average of recent observed swap prices across qualifying pools, scaled by TVL. TVL weighting reduces the influence of a low-liquidity pool but cannot eliminate manipulation. Closest to "fair value" but does not account for trade size.

Current LWAP

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Recent observations from qualifying pools with TVL > $50k

Liquidity depth

V2 constant-product estimate · not a router quote

Click "Run simulation" to estimate V2 or Curve execution depth

MUSD price & liquidity on Ethereum

MUSD (MUSD) is priced at $0.99 from indexed Ethereum DEX swaps, backed by $629.50K in qualifying on-chain liquidity across 2 pools with $4.56K of trading volume in the last 24 hours. Its deepest on-chain market is the MUSD/crv2pool pool holding $510.70K.

Every figure is derived from on-chain data only — indexed swaps and pool balances on Ethereum mainnet, with no centralized-exchange feeds. See the methodology for how price, liquidity and 24-hour volume are calculated, or compare MUSD against other assets on the market comparison pages.

New to reading on-chain data?

Understand what these MUSD numbers actually mean before you trade.

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MUSD — frequently asked questions

What is the current price of MUSD?

MUSD (MUSD) is trading at $0.99, derived only from indexed Ethereum DEX swaps — no centralized-exchange feed. The price updates as new swaps are indexed.

How much liquidity does MUSD have?

MUSD has $629.50K of qualifying on-chain liquidity across 2 Ethereum DEX pools, deepest in the MUSD/crv2pool pool ($510.70K).

Where can I trade MUSD on-chain?

MUSD trades across 2 qualifying Ethereum DEX pools. Its deepest market is the MUSD/crv2pool pool on curve. See every pool and a depth simulator on this page before trading.

What is MUSD's 24-hour trading volume?

MUSD has recorded $4.56K in indexed on-chain trading volume over the last 24 hours.

What is the market cap of MUSD?

MUSD has an estimated market capitalisation of $30.60M. CoinVerum uses a fresh DEX-derived price with available supply when possible, and otherwise falls back to CoinGecko market metadata.

Is MUSD a good investment?

CoinVerum does not give investment advice. What the data here shows is whether MUSD's recent market activity: check price freshness, associated pool TVL, how that TVL is split across pools, and the V2 depth estimate. Always request a live router quote before trading.

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