MUST logo

MUST
Must

0
Mkt Cap
$3.16M
24H Volume
$3,396.44
FDV
$116.85M
Circ Supply
154.31M
Total Supply
154.31M
MUST Fundamentals
Max Supply
0.00
7D High
$0.00
7D Low
$0.00
24H High
$0.00
24H Low
$0.00
All-Time High
$0.9983
All-Time Low
$0.7573
MUST Prices
MUST / USD
$0.7573
MUST / EUR
€0.6446
MUST / GBP
£0.5611
MUST / CAD
CA$1.04
MUST / AUD
A$1.11
MUST / INR
₹69.34
MUST / NGN
NGN 1,076.09
MUST / NZD
NZ$1.28
MUST / PHP
₱44.73
MUST / SGD
SGD 0.9699
MUST / ZAR
ZAR 12.22
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News
all
press releases
News Placeholder
Everstake and Cometh Partner for EU Crypto Staking
Everstake partners with Cometh to enable EU institutions to convert fiat to staked crypto assets, enhancing compliance and security. Read original article on cryptodailyalert.com
CryptoDailyAlert·4mo ago
News Placeholder
Everstake Partners with Cometh to Bridge Fiat and Crypto Staking Rewards for EU Institutions (7 Jan)
Miami, FL, January 7th, 2026, Chainwire
Newsroom - Chainwire·4mo ago
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AboutMustang Finance is a decentralized borrowing protocol that lets users deposit WETH, tBTC, SAGA, stATOM, KING, yETH, and yUSD as collateral, and mint the stablecoin MUST at an interest rate depositors choose. Mustang Finance is a Liquity V2 fork built specifically for the Saga EVM. The main use-cases for Mustang Finance are: - Borrow MUST - 1-click multiply exposure to collateral assets - Earn yield by depositing MUST in the stability pool or farming elsewhere What is MUST? MUST is the USD-pegged stablecoin issued by the Mustang Finance protocol. It's decentralized, overcollateralized, and backed only by a basket of crypto native assets. MUST is a resilient stablecoin by design: - Only backed by crypto assets ("no real world assets" like US Treasuries) - Directly redeemable for the underlying assets at any time by any one permissionlessly (always convertible in a fast and liquid way) - Can only be created by users depositing more collateral. - What are MUST's main benefits compared to other stablecoins? - MUST is backed by a variety of LSTs, LRTs, plus ETH, ARB, and COMP. - It is always redeemable for the underlying assets, meaning you can always swap it as if worth $1, for the collateral backing it - MUST has native incentives via Protocol Incentivized Liquidity (PIL) directed by governance, ensuring that there will always be sufficient liquidity to handle transactions - MUST is Saga EVM native, and is built specifically for the fast and free-to use Saga EVM network. What is MUST's peg mechanism? - Mustang Finance uses Liquity V2's market-driven monetary policy through user-set interest rates to maintain - MUST's peg and to dynamically respond to situations where the token is above or below $1.00. When MUST trades above $1, borrowers tend to reduce their rates due to lower redemption risk, making borrowing more and holding MUST less attractive. This helps correct the price downwards. In contrast, when MUST trades below $1, arbitrageurs will initiate redemptions to restore the peg. Borrowers' exposure to redemption risk prompts them to increase interest rates, boosting demand for MUST (and Earn deposits) and pushing its price upward.
Details
Source
Categories
Lending/Borrowing ProtocolsSaga EcosystemStablecoins
Date
Market Cap
Volume
Close
January 22, 2026
$3.16M
$3,396.44
$0.7573

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