MetaMask USD MUSD

What MUSD actually is on-chain

MetaMask USD is an ERC-20 deployed on Ethereum, at contract address 0xaca92e438df0b2401ff60da7e4337b687a2435da. That address, not the ticker MUSD, is what uniquely identifies this asset: anyone can deploy a second token calling itself MUSD, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, MUSD is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in MUSD itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

3 other assets tracked on this site also use the ticker MUSD: Mezo USD (another network, 0xdd46…f186); mStable USD (Ethereum, 0xe2f2…35a5); Meta USD (Sui, 0xe44d…8722::musd::MUSD). The asset on this page is specifically the Ethereum deployment at 0xaca9…35da. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For MUSD the project publishes an active account as @MetaMask. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MUSD sits in the market

MetaMask USD sits at #678, inside the top of the small-cap band. Depth here is shallow enough that one large order walks the book several percent and the print mean-reverts within the same session — which is why a single fixed price level is a fragile trigger, and a condition that tolerates one wick is the more useful construction. Listings are concentrated across a small number of venues, so volume-driven delisting is an active risk here rather than a hypothetical one.

We are not currently receiving a live MUSD order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. MUSD is a Ethereum asset, so whatever turnover exists is most likely in Uniswap-style AMM pools rather than on a centralised book, and every fill there costs ETH in gas on top of the pool's own fee.

MUSD against its all-time high

MetaMask USD's record high is $107.24, set on 2026-06-02. A high in this range means MUSD carries a meaningful unit price, so round-number levels near the peak tend to be watched as references in their own right. The print is recent enough — within the last six months — that it still describes the market MUSD trades in today. We are not quoting a drawdown from it because no tracked venue is giving us a live MUSD price — a stale or single-pool number would make that percentage look precise when it is not.

MUSD across its historical range

MUSD has traded across a 112x range, between $0.9618 and $107.24. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

The record low of $0.9618 was printed on 2026-06-19 — within the last six months. We have no live quote to measure the current distance from it.

MUSD supply and valuation data

MetaMask USD sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for MUSD but not an audited token count. What we do have is a fully diluted valuation of $37.2 million as of 2026-10-30. That places it in the top 10% by fully diluted value.

That valuation is a point-in-time snapshot, not a live figure, so we deliberately avoid dividing it back into a token count — the price has moved since, and the arithmetic would yield a precise-looking supply number that is simply wrong. Read the current supply from the project's own explorer before relying on any per-token valuation. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset MUSD is

MetaMask USD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by off-chain reserves, which moves the risk from smart-contract code to custody and disclosure: who holds the reserves, what they are held in, and how often that is attested. Those are the questions that decide whether the peg survives a redemption wave. It is small for a stablecoin, and at this size the peg depends heavily on one or two liquidity pools; thin-book depegs here say more about liquidity than about solvency.

CoinGecko files MUSD under 6 categories, including Stablecoins, USD Stablecoin, Ethereum Ecosystem, Linea Ecosystem, Fiat-backed Stablecoin. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a MetaMask USD alert that is worth receiving

MetaMask USD is the ERC-20 at 0xaca9…35da on Ethereum — high dated 2026-06-02 — rank #678. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →