---
title: "Midas mMEV (mMEV) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/mmev-midas/"
description: "Build-time stablecoin profile for Midas mMEV (mMEV). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Midas mMEV (mMEV)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Midas NAV token tied to MEV Capital DeFi strategy exposure with a live Chainlink NAV feed; tokenized strategy access, not a transactional stablecoin. mMEV is a Midas NAV token tied to MEV Capital DeFi strategy exposure. A Chainlink NAV feed gives Pharos live reserve visibility, but the reserve-risk grade stays high because the underlying strategy is complex and not cash-like, classified as {{term:rwa}}RWA{{/term}}-adjacent strategy collateral. The token is best read as tokenized strategy access, not as a transactional stablecoin.

## Collateral

MEV Capital-managed DeFi lending, liquidity, arbitrage, carry, and liquidation strategies allocated through Midas liquid-yield token rails.

## Peg Mechanism

Midas NAV-accreting liquid-yield token with primary mint/redeem through Midas rails; it does not maintain a fixed $1 redemption floor.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Germany | Liechtenstein FMA | EEA-restricted tokenized certificate |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x030b69280892c888670edcdcd8b69fd8026a0bf3` | 18 |
| plume | `0x7d611dc23267f508de90724731dc88ca28ef7473` | 18 |
| etherlink | `0x5542f82389b76c23f5848268893234d8a63fd5c8` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/mmev-midas.