Cryptocurrency Q&A
What is musd in crypto?
What is musd in crypto?
ThunderBreezeHarmony
Fri Oct 25 2024
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6 answers
1601
I've encountered a term 'musd' in the crypto world and I'm not sure what it stands for. Could someone please explain what 'musd' means in the context of cryptocurrencies?
6 answers
AltcoinAdventurer
Sun Oct 27 2024
MUSD is a decentralized stablecoin that is backed by cryptocurrencies.
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KpopStarletShineBrightness
Sun Oct 27 2024
It is created through the mStable protocol and maintains a 1:1 peg to the USD.
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Stefano
Sun Oct 27 2024
The protocol issues MUSD in a 1:1 ratio against other stablecoins like USDT, USDC, or DAI.
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mia_clark_teacher
Sun Oct 27 2024
This ensures that the value of MUSD remains stable and is not affected by market fluctuations.
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WhisperInfinity
Sat Oct 26 2024
The collateral used to issue MUSD is then lent out on lending platforms such as AAVE or Compound.
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