MetaMask USD

MetaMask USD (MUSD) is a fiat-backed stablecoin issued by MetaMask, designed to maintain a value of one US dollar per token. It is built for people who use MetaMask products and want to move money between traditional banking and blockchain networks with minimal friction. The token is intended to cover everyday crypto-to-fiat and fiat-to-crypto flows, including spending via the MetaMask Card.

MUSD is a fiat-backed stablecoin, meaning each token in circulation is meant to be backed by an equivalent amount of US dollars or dollar-equivalent reserves held by the issuer. The token operates across several blockchain networks, including Ethereum, Linea, and Monad, allowing it to be transferred within those ecosystems. No consensus algorithm or block time is recorded for MUSD itself because it is a token issued on top of existing networks rather than a standalone blockchain.

The data stored for MUSD does not include a fee stream, revenue figures, or protocol earnings, so no fee-based measures are available for this asset on this site. MUSD is a stablecoin whose primary function is to preserve a fixed value rather than to generate yield or capture trading fees. The 24-hour turnover figure stands at 15.399641 percent of circulating supply, which describes how actively the token is changing hands, but that activity does not itself indicate a fee collected by the protocol.