What is Meta USD (MUSD)?
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.
How does Meta USD work?
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.
What is Meta USD used for?
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 can you buy Meta USD?
Meta USD (MUSD) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for MUSD sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting MUSD, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Meta USD (MUSD)?
The reported 24-hour trading volume of Meta USD is $5.50K. Volume is a live reading of how much MUSD changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Meta USD (MUSD)?
Meta USD reached an all-time high of $1.36 on May 10, 2026, and an all-time low of $0.0009654 on January 24, 2025. It is currently trading -26.56% from its peak and +103655.23% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where MUSD sits in its long-run price range.
What is the market cap of Meta USD (MUSD)?
Meta USD's market capitalization is currently $992.12K, and it is ranked #3052 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (990.41 thousand MUSD are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Meta USD (MUSD)?
The fully diluted valuation (FDV) of Meta USD is $992.12K. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Meta USD compare against its peers?
Over the past 24 hours, Meta USD has moved -6.99%. Over the past seven days, the change is +0.12%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether MUSD is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Meta USD against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Meta USD?
Like any crypto asset, the right way to store MUSD depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
