Mezo USD MUSD

What MUSD actually is on-chain

Mezo USD is a contract-issued token at address 0xdd468a1ddc392dcdbef6db6e34e89aa338f9f186, recorded on explorer.mezo.org. We do not have a verified chain label for that explorer in our dataset, so we will not name the network here — check explorer.mezo.org directly and confirm the address matches before interacting with it.

3 other assets tracked on this site also use the ticker MUSD: MetaMask USD (Ethereum, 0xaca9…35da); mStable USD (Ethereum, 0xe2f2…35a5); Meta USD (Sui, 0xe44d…8722::musd::MUSD). 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 a whitepaper, a public source repository and an active account as @mezonetwork. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. 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

At #858, Mezo USD is in the upper small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical 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 against its all-time high

Mezo USD's record high is $1.10, set on 2026-04-14. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. 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

The recorded range is comparatively narrow: 1.14x between $0.9635 and $1.10. Either the price history is short, or the asset is designed not to move.

The record low of $0.9635 was printed on 2025-11-04 — about a year ago. We have no live quote to measure the current distance from it.

MUSD supply and valuation data

Mezo 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 $22.5 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one explorer.mezo.org reports for this contract.

What kind of asset MUSD is

Mezo 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. Our dataset does not record which backing model this token uses, which is itself worth resolving before holding it: reserve-backed, collateral-backed and algorithmic pegs fail in very different ways and on very different timescales. 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 5 categories, including Stablecoins, USD Stablecoin, Ethereum Ecosystem, Base Ecosystem, Mezo Ecosystem. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), Base (1,487 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Mezo USD alert that is worth receiving

Mezo USD (MUSD) — high dated 2026-04-14 — rank #858. 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 →