Metronome Synth USD

Metronome Synth USD (MSUSD) is a synthetic stablecoin designed to track the value of the US dollar, meaning one token is intended to always be worth one dollar. It belongs to a class of assets that create dollar-denominated exposure through collateral and smart-contract mechanisms rather than holding actual dollars in a bank. It is aimed at users in decentralised finance who want a dollar-like unit of account without relying on a traditionally custodied fiat reserve.

MSUSD is a synthetic dollar token, meaning it is minted programmatically against collateral deposited in the Metronome Synth protocol rather than being backed one-for-one by cash or cash equivalents. It exists across several blockchain environments including Ethereum, Optimism, Base, and Plasma. No consensus algorithm or block time is recorded for the token itself, as it is a smart-contract asset rather than a base-layer network.

The data stored for MSUSD does not include a fee stream, revenue figures, or yield distribution data, so no fee-based measures can be reported. This means the typical protocol-economics metrics that this site tracks for other assets are not available here. What is recorded is a circulating stablecoin supply of approximately 45,856,650 dollars at the point of measurement, a 30-day supply change of roughly 0.148 percent, and a 24-hour turnover ratio of about 3.56 percent, which reflects transaction volume relative to market size.