Coinbase Custody Lists Heavyweight DeFi Token mStable

Coinbase Custody has enabled deposits and withdrawals for mStable’s MTA token. It is the fourth project to earn a listing this year. Previously, Coinbase added DeFi tokens BarnBridge, Rally, and Ankr.

Coinbase Custody Now Supports mStable

mStable is a collection of autonomous, decentralized, and non-custodial smart contracts built on Ethereum. It was created to solve the issues faced by stablecoins users.

MTA is the governance token of mStable’s platform. Users can stake their tokens to govern the protocol and yield farm the MTA token using the Save or Earn features of the protocol.

mStable also offers a stablecoin called mUSD, backed by four different stablecoins: TUSD, sUSD, USDC, and USDT. Users can mint mUSD with their stablecoins, swap their stablecoins with other stablecoins, or redeem their mUSD for any of the other stablecoins on the platform.

mUSD plays a key role in the mStable ecosystem. It allows users to provide liquidity and earn trading fees and MTA as rewards on the Earn smart contract. They can also use mStable’s new Save v2 smart contract to earn a high-interest rate along with earning MTA as rewards.

Since its addition to the platform, the token has witnessed a massive price spike. At press time, the token is trading at $2.70, up 34.6% this week.

Original source:

Recommedations ...

Memberships - You may want to promote one of your own products. These recommendations will be seen on every singular post page of this and other websites ... Register !!!

Wana Website | Hosting - Cloud Website Hosting packages equipped with a number of Free Bonuses. You’ll get the simple to use Control Panel, which is available in more than ten languages and also includes a 'one click' Apps Installer. We use ZFS storage for maximum safety of your info. A New Way Of Thinking.

Leave a Comment