What is mStable USD?

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.