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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:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -1.10% | -1.59% | -3.19% | 28.41m | ||
| 100% | +42.28% | +75.71% | +17.27% | 1.07m |