Mustang (MUST) is trading at $0.5030, ranked #323 by market capitalisation, with a market cap of $77.6M and 24-hour trading volume of $5.6.
Market Cap
$77.6M
0.00%Volume (24h)
$5.6
F.D Valuation
$77.7M
Circulating Supply
154.4M
Total Supply (Est.)
154.4M
Max. Supply
∞
Mustang Information
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Mustang (MUST) Historical Market
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What is Mustang (MUST) and how is it performing today?
Market data on this page was last refreshed on .
Mustang 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.
FAQs About Mustang (MUST)
The current price of 1 Mustang (MUST) in USD is $0.5030.
This price is currently 49.61% below its all-time high (ATH) of $0.9983,
and 0.70% above its all-time low (ATL) of $0.4995.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions,
investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Mustang’s price.
The market capitalization of Mustang (MUST) is $77,648,369.00 as of today.
Mustang (MUST) is currently ranked #323 in the market, and this market cap is calculated by multiplying the current price of Mustang with the circulating supply.
The circulating supply of Mustang (MUST) is 154,370,861 tokens.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Mustang (MUST) in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Mustang (MUST)’s official platforms.
The trading volume of Mustang (MUST) today is $5.620.
This represents the total value of Mustang (MUST) transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token.
As of now, Mustang (MUST) is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.
The trading volume metric, which plays a vital role in market assessment, reveals the extent of Mustang's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. Mustang is among the more actively traded cryptocurrencies by volume. Institutions and people use it to sell and store monetary value.
Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Mustang (MUST) to make well-informed trading decisions.
The all-time high (ATH) price of Mustang (MUST) is $0.9983.
This ATH was reached on 14 Dec 2025, marking the highest value ever for Mustang (MUST) in the market.
Currently, Mustang is lower than its ATH by -49.61%,
reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Mustang, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.
The all-time low (ATL) price of Mustang (MUST) is $0.4995.
This ATL was reached on 07 May 2026, marking the lowest value ever for Mustang (MUST).
Currently, Mustang is higher than its ATL by 0.70%,
reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Mustang (MUST), offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.
To buy Mustang (MUST), you can follow these steps:
1. Choose a Cryptocurrency Exchange: Mustang (MUST) is available on several popular cryptocurrency exchanges, such as Bybit, Binance, KuCoin, etc. These platforms allow you to trade Mustang against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Mustang.
4. Place an Order: After funding your account, navigate to the Mustang (MUST) trading pair (e.g., Mustang/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Mustang in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Mustang (MUST).
We make every effort to provide the latest market data. However, we cannot guarantee its absolute accuracy.
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