Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply across all stablecoins
Its one stablecoin
Share of total stablecoin supply
#51 of 98 issuers by supply
Stablecoins issued
median issuer: 1
Chains
read onchain, #45 of 98 issuers
Mezo is a Bitcoin-focused economic layer, built by venture studio Thesis, that lets users mint the Bitcoin-backed stablecoin MUSD by depositing BTC as over-collateralized loan collateral.
MUSD is Mezo's only stablecoin.
MUSD's supply, counted once across its chains.
Supply of every coin Mezo issues, summed by chain from DIA's own totalSupply() reads of the verified contracts. Each coin's tokens are converted to dollars at DIA's price for that coin, or split pro rata from its market figure where DIA has no price, so coins in different currencies can share one column. Wrapped coins are left out: their supply is already inside the coin they wrap. Each chain shows the same amount as the chain row on each coin's own page.
Not circulating is supply the chain rows carry that the coins' own totals leave out, such as tokens an issuer holds unissued where no per-chain treasury read places them, or tokens held in a bridge escrow. With it taken off, the rows add up to the total. Shares are of the chain rows before it is taken off.
$29.2M
Read on 3 chains, all in the total
Mezo94%$29.2M
Ethereum4%$1.2M
Base2%$773.1KIn DIA's latest read, MUSD sits 99 bps below its USD peg. MUSD's typical daily move over the last 90 days was 8.6 bps.
Today is DIA's latest daily read of each stablecoin's price against one unit of its peg currency, in basis points: 100 bps is 1% away from the peg, above (+) or below (-).
Typical daily move is the standard deviation of the daily gap between the price and the peg over the last 90 days. Largest move is the single day in the last 12 months furthest from the peg. Both come from daily closes at 00:00 UTC (DeFiLlama, with CoinGecko where DeFiLlama has no price) and match the figures on each stablecoin's own page.
Stablecoins whose value rises by design, such as savings wrappers, have no peg figures. Their price is a yield curve, not a peg.
| Stablecoin | Today | 90d | Largest |
|---|---|---|---|
 MUSDUSD | −99 bps (−0.99%) | 8.6 bps | +312 bps (+3.12%) |
Lending-market supply of Mezo's stablecoin. Yield pools live on the stablecoin's own page.
No lending market read yet.
Summed by recorded day (daily for the last year, weekly before that). This chart is DeFiLlama circulating supply. The headline figure above is mostly DIA’s onchain reads, with DeFiLlama where DIA does not read, so the last point can differ from it.
Source: DeFiLlama circulating supply Updated
