Cryptocurrency Q&A
What is mStable USD?
What is mStable USD?
Stefano
Tue Oct 29 2024
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7 answers
1760
mStable USD, or MUSD, is a decentralized, peer-to-peer digital currency based on the Ethereum blockchain. It is an aggregated stablecoin issued by the mStable protocol, which combines similar designated tokenized assets into a new enhanced asset. Users can mint mUSD by depositing any specified dollar-pegged stablecoins and use it for staking, borrowing, or exchanging for other assets.
7 answers
Alessandra
Thu Oct 31 2024
It is designed as a noncustodial stablecoin infrastructure, ensuring that users maintain control over their funds.
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IncheonBlues
Thu Oct 31 2024
The system is self-governing, allowing for decentralized decision-making and management.
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Carolina
Thu Oct 31 2024
mStable offers a base layer collateral protocol, which serves as a foundation for building various DeFi applications.
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DigitalDynastyQueen
Thu Oct 31 2024
One of the key functionalities of mStable is the creation of meta-assets. These assets are digital representations of traditional financial instruments but with enhanced features.
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SakuraBloom
Thu Oct 31 2024
mStable-USD, also known as mUSD, represents a unique concept in the cryptocurrency space.
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