Overview
mUSD (Mezo USD) is available on Mezo matsnet. To learn more about how to access matsnet and get started, see the Mezo matsnet Alpha guide.
mUSD is Mezo’s native stablecoin, which is 100% backed by Bitcoin reserves to maintain a 1:1 peg with the US dollar. By depositing your Bitcoin as collateral at a minimum ratio of 110%, you can Borrow and Mint mUSD and access liquidity while keeping your Bitcoin position intact.
mUSD is based on Threshold USD which is a fork of Liquity for the Mezo Network.
You can obtain mUSD through the following sources:
- Borrow and Mint mUSD through the minting process
- Receive mUSD from another Mezo user
mUSD differentiators
mUSD has several key differences when compared to most stablecoins:
- Backing: 100% Bitcoin
- Interest rate: 1%-3% fixed
- Loan term: Unlimited
- Minimum collateral requirement: 110%
- Custody: Your keys