mStable Price

mStable is a governance token for the mStable protocol, an Ethereum-based stablecoin aggregator. As the native token of mStable, MTA allows holders to participate in the platform's governance by staking, proposing, and voting on changes. It also enables users to earn rewards from redemption fees and help restore value to de-pegged assets within the ecosystem. MTA has a current price of $0.0317 with a 24-hour trading volume of $9.43K. The token has a circulating supply of 49.95M MTA out of a total supply of 87.59M MTA. mStable's all-time high was $11.03 on September 1, 2020, while its all-time low was $0.02322 on November 15, 2024. As of 2025-07-12, MTA ranks #2523 by market capitalization at $1.58M.

mStable was created on June 28, 2020. It was launched as the governance token for the mStable protocol, which is a decentralized finance (DeFi) platform focused on stablecoin aggregation and yield generation. Since its inception, MTA has played a crucial role in the governance and development of the mStable ecosystem, allowing token holders to participate in decision-making processes and shape the future of the protocol.

The founders of mStable (MTA) are James Simpson and James Eddington. They established the project in 2019 with the goal of creating a more stable and efficient decentralized finance (DeFi) ecosystem. Simpson serves as the CEO while Eddington is the CTO of the project. Both founders have extensive backgrounds in finance and blockchain technology, which they leveraged to develop the innovative mStable protocol. The founding team's vision was to address key challenges in the stablecoin and DeFi space by providing improved liquidity, reduced volatility, and enhanced yield opportunities for users.

mStable works as a governance token for the mStable protocol, which is a stablecoin aggregation platform on Ethereum. Here's how it functions: 1. Governance: MTA holders can stake their tokens to participate in protocol governance, including voting on proposals and parameter changes. 2. Incentives: Users earn MTA rewards for providing liquidity to mStable pools and participating in other protocol activities. 3. Fee distribution: A portion of protocol fees is distributed to MTA stakers. 4. Value accrual: As the mStable ecosystem grows, demand for MTA may increase, potentially driving up its value. 5. Utility: MTA can be used to pay transaction fees on the mStable platform at a discount. The current price of MTA is $0.0317, with a 24-hour trading volume of $9.43K. It has a circulating supply of 49.95M MTA and a total supply of 87.59M MTA. MTA reached its all-time high of $11.03 on September 1, 2020, and its all-time low of $0.02322 on November 15, 2024.

mStable is built on the Ethereum blockchain as an ERC-20 token. Its technical architecture includes: 1. Smart contracts: Core smart contracts handle token minting, burning, and transfers. 2. Governance mechanism: MTA token holders can participate in governance through voting on proposals. 3. Staking system: Users can stake MTA tokens to earn rewards and participate in governance. 4. Integration with DeFi protocols: mStable interacts with various decentralized finance protocols for lending, borrowing, and liquidity provision. 5. Cross-chain compatibility: While primarily on Ethereum, mStable has explored cross-chain solutions to improve scalability and interoperability. 6. Oracles: Price feeds and other external data are sourced through decentralized oracle networks. 7. Security measures: Multi-sig wallets, timelock mechanisms, and regular audits ensure the protocol's security. This architecture allows mStable to function as a governance token for the mStable ecosystem while providing utility across various DeFi applications.

The future and roadmap of mStable (MTA) looks promising. In the short term, the project aims to enhance its DeFi offerings and expand cross-chain capabilities. By 2026, mStable plans to launch new stablecoin products and improve its governance mechanisms. Looking further ahead, mStable has ambitious goals for -- and beyond. These include developing advanced yield optimization strategies, integrating with more DeFi protocols, and potentially exploring layer-2 scaling solutions. The team is also focused on increasing adoption and liquidity for MTA tokens. Long-term, by 2030, mStable envisions becoming a leading infrastructure provider for decentralized finance. This includes plans for more sophisticated financial products, improved interoperability, and a larger ecosystem of integrated DeFi applications built on the mStable protocol. While price predictions are speculative, some analysts project MTA could reach -- by 2026 and potentially -- by 2030 if development and adoption goals are met. However, investors should conduct their own research, as the crypto market can be volatile.