# Mezo USD (MUSD)

> MUSD is Mezo's native stablecoin, 100% backed by Bitcoin reserves and designed to maintain a 1:1 value with the US dollar.

This is advantageous compared to other DeFi lending platforms due to the competitive collateralization requirements in the market, which are significantly more capital-efficient compared to other major DeFi protocols.

To ensure that the entire stablecoin supply remains fully backed by collateral, if a position falls under the minimum collateral ratio, it will be closed (liquidated). This ensures the health and stability of the MUSD model.  For more information:  https://mezo.org/docs/users/musd

## Price Data

- **Current Price**: $1.01
- **Market Cap**: $23.24M
- **Fully Diluted Valuation**: $23.24M
- **Circulating Supply**: 23.08M MUSD
- **Total Supply**: 23.08M MUSD

## Price Changes

- **24h**: -0.00%
- **30d**: +0.01%
- **90d**: +0.02%
- **365d**: N/A

## Chain Availability

Available on: base, ethereum

## Resources

- [Website](https://www.mezo.org)
- [Discord](https://discord.com/invite/mezo)
- [Coingecko](https://www.coingecko.com/en/coins/mezo-usd)
- [Dex.guru](https://dex.guru/token/eth/0xdd468a1ddc392dcdbef6db6e34e89aa338f9f186)

## Links

- [View on Zerion](https://app.zerion.io/tokens/MUSD-dc8130d6-a1ce-49c3-8c59-47b866250e9c)
- [Trade on Zerion](https://app.zerion.io/tokens/MUSD-dc8130d6-a1ce-49c3-8c59-47b866250e9c)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset