USD-pegged · crypto-backed · #89 by USD value
Metamask USD (MUSD) is a USD-pegged crypto-backed stablecoin. It currently ranks #89 among tracked stablecoins by circulating supply, and is deployed across 3 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 45.5% | $14.5M |
| Monad | 31.4% | $10.0M |
| Linea | 23.1% | $7.4M |
Metamask USD (MUSD) is a USD-pegged stablecoin. Its peg mechanism is crypto-backed, and it currently ranks #89 among tracked stablecoins by circulating supply.
MUSD has a circulating supply of $31.9M (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
MUSD is backed by crypto-backed. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
MUSD is deployed across 3 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
MUSD shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; MUSD ranks #89.
| Full Name | Metamask USD |
| Symbol | MUSD |
| Peg | USD |
| Peg Mechanism | crypto-backed |
| Backing | crypto-backed |
| Chains Deployed | 3 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |