What is mUSD?

mStable is autonomous and non-custodial stablecoin infrastructure designed to provide decentralized finance platforms and protocols with a base layer collateral protocol on which DeFi applications can be built. mStable is a meta-asset platform that aims to create assets stronger than the sum of their parts.

How to use mUSD?

mUSD is a representation of its underlying stablecoins, making it a more abstracted and secure representation of USD on chain. It can be minted and redeemed permissionlessly via the mStable smart contracts using any whitelisted USD-pegged stablecoin. mUSD also offers some of the best risk-adjusted saving APYs in DeFi. This APY comes from multiple sources drawing from swap fees, lending income, and liquidated tokens farmed by the mStable contracts.