Mustang Finance
MUSTPrice
$0.999522
-0.05% off peg
Market Cap
$154.22M
Market Cap
$154.22M
Dominance
0.05%
Price
$0.999522
% Off Peg
-0.05%
24h Supply
0.00%
7d Supply
+0.00%
30d Supply
+0.04%
Networks
1
Circulating Supply
Total MUST across all chains
Chain Distribution
Current supply by network
About Mustang Finance
Mustang USD is a decentralized over-collateralized stablecoin that is pegged to the US dollar and backed by crypto assets on the Saga EVM chain. Mustang is a friendly fork of Liquity V2. 1 $MUST is always redeemable for $1 in backing assets.
Mint & redeem
Users open vaults (“troves”) and deposit accepted collateral to mint MUST up to their chosen collateral ratio. To unlock collateral, borrowers repay and burn MUST, or anyone can redeem 1 MUST token directly for $1 of collateral from which ever trove is paying the lowest interest rate, ensuring the peg.
