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msUSD profile facts

Metronome Synth USD (msUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.

Other coins using the msUSD ticker

Collateral
USDC, DAI, ETH, WBTC, sfrxETH, and Vesper Finance yield-bearing tokens (vaUSDC, vaETH, vaSTETH, vaRETH, vaCBETH); FRAX and vaFRAX accepted but currently inactive; collateral factors range 75 to 85%
Peg mechanism
Collateralized CDP: users deposit crypto collateral to mint msUSD and repay debt to reclaim collateral, with no direct holder redemption of collateral. Metronome's September 16, 2026 recovery update reports that treasury-funded buybacks and an $8 million USDC loan closed the July underbacking. The synth swap remains closed indefinitely; treasury buybacks and MetBasis liquidity support peg recovery.
Jurisdiction
Not disclosed in the static profile.
Proof of reserves
No proof-of-reserves entry in the static profile.
Contracts
5 deployments tracked across Ethereum, Optimism, Base, and Hemi, plus 1 more.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

msUSD quick answers

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What is Metronome Synth USD (msUSD)?

msUSD is Metronome's crypto-backed synth; its July 2026 shortfall was reported resolved in September, while the synth swap remains closed. The static profile records its US Dollar peg mechanism as: Collateralized CDP: users deposit crypto collateral to mint msUSD and repay debt to reclaim collateral, with no direct holder redemption of collateral.

Is msUSD safe?

As of Oct 24, 2026, Pharos grades msUSD F (10/100) 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. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs msUSD?

Pharos records msUSD's reserves as of Aug 8, 2026 as 100% Metronome Synth eligible CDP collateral basket (stablecoins, ETH, WBTC, and Vesper yield-bearing tokens). Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.

Can msUSD 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.