Profile
MUSD profile facts
Mezo USD (MUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the MUSD ticker
- MetaMask USD (MUSD) · Active · US Dollar. MetaMask USD is a Bridge-issued (Stripe) dollar stablecoin on M0 protocol.
- 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.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
MUSD quick answers
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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?
As of Oct 24, 2026, Pharos grades MUSD C- (53/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs MUSD?
Pharos records MUSD's reserves as of Jul 15, 2026 as 100% BTC collateral in Mezo ActivePool. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can MUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem MUSD?
Under the route Pharos reviewed on Mar 23, 2026, any holder can redeem MUSD for BTC. Redemption settles atomically on-chain. The reviewed redemption fee is 0.75%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
