Metronome Synth USD

Metronome Synth USD (MSUSD) is a synthetic stablecoin designed to track the value of one US dollar, meaning each token is intended to always be worth exactly one dollar. It is part of the Metronome Synth protocol and is built for users who want dollar-denominated exposure within decentralized finance without holding a traditionally backed dollar token. The asset lives across several blockchain environments including Ethereum, Optimism, Base, and Plasma.

MSUSD is a synthetic dollar, meaning it is created through a collateralization mechanism rather than being backed one-for-one by dollars held in a bank. Users deposit collateral into the Metronome Synth protocol and mint MSUSD against it, with the token existing natively on Base and deployable across the other ecosystems listed. The protocol does not rely on a traditional consensus algorithm of its own, operating instead on the underlying infrastructure of the host blockchains.

The data provided does not include a fee stream, revenue figures, or information about who pays or receives fees within the Metronome Synth protocol. Because no fee-based metrics are stored for this asset, fee-derived measures that this site might calculate for other assets are not available here. What is recorded is a circulating stablecoin supply of 45,735,418.44 as a point-in-time figure, a 30-day supply change of 11.717274 percent, and a 24-hour turnover of 3.667234 percent, all of which describe usage activity rather than economic flows to the protocol.