What is mUSD?

mUSD is a stablecoin pegged to the US Dollar, backed by an excess of GLP collateral, and issued in a decentralized and unbiased manner. Simply holding mUSD generates a stable income with an APY of approximately 20%+.

Thanks to its low volatility and stable interest income, mUSD can counteract harmful inflation and provide economic freedom and opportunities for individuals worldwide.

By depositing GLP into the Meta Protocol, the deposited GLP can be used as collateral to mint/borrow mUSD at a healthy mint ratio for use in DeFi at any time.

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