Live · updated 15 minutes ago
Metronome Synth USD Price chart
Key stats
Performance
How the price moved over each period.
Supply
51.38M MSUSD circulate. No maximum supply is set.
- Circulating
- 51.38M
- Total supply
- 51.38M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 2.27% of market cap. Normal turnover for its size.
$43.75M market cap, rank #353. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
75.2% below its all-time high of $3.43.
Largest recent swing: 1.96% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Metronome Synth USD (msUSD)?
Metronome Synth USD (msUSD) is a synthetic US dollar token issued by Metronome Synth, a multi-collateral, multi-synthetic protocol. Users deposit supported crypto assets as collateral and mint synthetic tokens that follow the price of another asset. The synths carry an "ms" prefix, such as msETH, msBTC and msUSD. The protocol came from the Bloq DeFi team and the earlier Metronome project, which raised funds in a 2018 ICO. Metronome Synth launched in beta in January 2023 and went to full launch after audits by Halborn and Quantstamp.
How msUSD works
msUSD is created, not issued against a bank balance. A user deposits collateral, which can include stablecoins, BTC, ETH and yield-bearing tokens, and then mints msUSD within a collateral limit. Each collateral type has its own collateralization ratio and liquidation penalty. A position that falls below its threshold can be liquidated.
Metronome's Smart Farming feature lets users loop yield-bearing collateral, such as Vesper vault tokens, into msUSD to raise returns. This increases both potential yield and liquidation risk.
msUSD uses LayerZero OFT technology so that it can move between chains without a separate wrapped version on each one.
msUSD supply and token design
There is no fixed cap. Supply expands when users mint against collateral and contracts when it is repaid or liquidated. msUSD is not redeemable with a bank or an issuer; its dollar value relies on collateral, the protocol's pricing and market arbitrage. Live circulating supply is shown in the market data on this page.
The token exists on Ethereum, Base, Optimism and Plasma. The Ethereum contract address is 0xab5eb14c09d416f0ac63661e57edb7aecdb9befa; confirm it on the official site before interacting.
Official information is on metronome.io.
What to check before using msUSD
- msUSD is a synthetic dollar, not a fiat-backed stablecoin, and it can trade below one dollar if confidence or collateral weakens.
- Synthetic assets depend on collateral and price feeds; check the protocol's current collateral status and announcements before using the token.
- Oracle delays, liquidation mechanics and smart contract bugs can each cause losses, even after audits.
- Looped Smart Farming positions can be liquidated quickly during sharp price moves.
- Liquidity can be shallow across chains, which can widen the gap between the market price and one dollar.
Metronome Synth USD project profile
Metronome Synth USD (MSUSD) is marked as inactive in public project registries. Development or trading may have stopped, so any price shown on this page can be stale or illiquid. Check that the asset can still be traded or withdrawn before relying on it.
- Open source
- No
Token contracts
- Ethereum:
0xab5eb1…b9befa - Plasma:
0x29ad7fe4516909b9e498b5… - Base:
0x526728…cbae9d - Optimism:
0x9dabae…492ca0
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Metronome Synth USD market analysis
With a market capitalisation of $43.75 million, Metronome Synth USD (MSUSD) is classed as a micro-cap asset and ranks #353 of 406 cryptocurrencies with a reported market cap on CryptoWave, larger than about 13.1% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $994.7 thousand of MSUSD changed hands, equal to 2.27% of its market cap, which puts its trading volume ahead of about 37.2% of tracked assets. That is a moderate, fairly typical level of turnover. Its turnover ratio is higher than that of about 51% of tracked assets.
Price action: MSUSD moved −1.96% in 24 hours and −3.02% over 7 days. It outperformed Bitcoin by 0.22 percentage points over 24 hours and by 0.57 points over 7 days. Against the median tracked coin (ahead by 0.04 points on the day and ahead by 1.48 points on the week), it has been a relative strength in recent sessions.
To overtake BIM (BIM) just above it, Metronome Synth USD would need to grow its market cap by about 1.0%; it is 0.4% larger than Open Campus (EDU) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Metronome Synth USD FAQ
What is msUSD?
msUSD is a synthetic US dollar token from Metronome Synth. It is minted by depositing crypto collateral and is not backed one-to-one by bank deposits.
How is msUSD minted?
Users deposit supported collateral, such as stablecoins, BTC, ETH or yield-bearing tokens, and mint msUSD within the collateralization limit for that asset.
Is msUSD a stablecoin?
It aims to track one US dollar, but it is a collateral-based synthetic rather than a fiat-backed stablecoin, so its peg depends on collateral and protocol design.
Which blockchains support msUSD?
msUSD is listed on Ethereum, Base, Optimism and Plasma, with cross-chain transfers through LayerZero OFT technology.
Price history
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