Mezo USD (MUSD) stablecoin analytics
Answer First
What is Mezo USD (MUSD)?
MUSD is Mezo's BTC-only overcollateralized stablecoin on Mezo's Bitcoin L2, minted at 110% minimum against native and wrapped BTC via Liquity v1. The static profile records its US Dollar peg mechanism as: BTC-only overcollateralized CDP with direct $1 BTC redemption; operates on Mezo (Bitcoin L2, not Ethereum or a Stage 1 L2)
Is MUSD safe?
MUSD holds a C Safety Score grade (59/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Mezo USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Mezo USD (MUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Mezo's MUSD applies Liquity-style CDP mechanics to Bitcoin collateral at a 110% minimum ratio, with permissionless redemption and atomic settlement on Mezo's Bitcoin L2, a chain Pharos classifies as unproven. The N/A overall grade is lopsided: the exit pillar leads the card on those redemption mechanics, while backing is the weakest of the three because the collateral is a single BTC envelope whose native-versus-wrapped split is not published, and economic control sits between them. The Mezo token owner's 5-of-9...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Bitcoin only; minimum 110% collateral ratio
- Peg Mechanism
- BTC-only overcollateralized CDP with direct $1 BTC redemption; operates on Mezo (Bitcoin L2, not Ethereum or a Stage 1 L2)
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
Exact bot target: /subscribe dews,depeg,safety meusd-mezo
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
MUSD quick answers
What is Mezo USD (MUSD)?
MUSD is Mezo's BTC-only overcollateralized stablecoin on Mezo's Bitcoin L2, minted at 110% minimum against native and wrapped BTC via Liquity v1. The static profile records its US Dollar peg mechanism as: BTC-only overcollateralized CDP with direct $1 BTC redemption; operates on Mezo (Bitcoin L2, not Ethereum or a Stage 1 L2)
Is MUSD safe?
MUSD holds a C Safety Score grade (59/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Mezo USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs MUSD?
Pharos classifies MUSD backing as Crypto-Collateralized. Collateral, per the static profile: Bitcoin only; minimum 110% collateral ratio Reserve evidence: live reserve feed configured.
Can MUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for MUSD, when applicable, appear in the dossier below.
