MetaMask USD (MUSD)
CryptoScore Pro global score : 68/100 (computed on 2026-10-29)
MetaMask USD (MUSD) is a stablecoin developed by ConsenSys, the company behind the MetaMask wallet, one of the world’s most popular self-custody cryptocurrency wallets. MUSD aims to address the fragmentation and inefficiencies in the stablecoin market by offering a regulated digital asset backed by trustworthy reserves and natively integrated into the MetaMask ecosystem. Its primary challenge is the lack of a reliable, compliant stablecoin directly accessible within MetaMask, enabling users to transact, exchange, and store value without relying on third-party stablecoins like USDC or USDT. Technically, MUSD operates as an ERC-20 token on the Ethereum blockchain, leveraging Ethereum’s proof-of-stake (PoS) consensus mechanism for security and decentralization. The token is fully collateralized by trustworthy reserves held in regulated financial institutions, ensuring a 1:1 peg with the US dollar. Unlike algorithmic stablecoins, MUSD prioritizes transparency and regulatory compliance, with regular third-party audits verifying reserves. In terms of tokenomics, MUSD features a dynamic supply that adjusts based on demand, with no fixed cap. Its utility lies in facilitating transactions…
Scores by pillar
| Technology | 72/100 |
|---|---|
| Tokenomics | 75/100 |
| Team | 48/100 |
| Adoption | 77/100 |
| Liquidity | 57/100 |
| Compliance | 48/100 |
Market data
| Price | $0.9987 |
|---|---|
| Market cap | $33.97M |
| 24h volume | $7.81M |
| Market cap rank | #677 |
| 24h change | -0.05% |
| 7d change | -0.14% |
| Blockchain | Ethereum |
| Sector | Stablecoin |
Analysis
MUSD is a mature stablecoin natively integrated into the MetaMask wallet. It runs on the Ethereum chain and relies on a fiat-collateralized mechanism, meaning reserves held in U.S. dollars. The token is used for exchanges and payments within the MetaMask ecosystem.