What is MetaMask USD?

MetaMask USD (MUSD) is an altcoin currently ranked 281st by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $0.9998, MetaMask USD carries a market capitalization of $99.82M. Daily trading volume across exchanges sits at roughly $3.10M. That works out to a 24-hour turnover of about 3.10% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past 24 hours, MetaMask USD has moved -0.02%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.

Cycle position

MetaMask USD is currently trading near all-time high (all-time high of $1.03, -2.8% from peak). Typically the late-cycle distribution phase, where speculators look for euphoric tops.

Supply & dilution

The circulating supply stands at 99,840,606 MUSD. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts MetaMask USD in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.

How to evaluate MetaMask USD

A balanced read on MUSD typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is MUSD performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.