Market Cap
$77.65M
24h Volume
$5.62
Circulating
154.37M MUST
All-Time High
$0.998253
▼ +49.61% from ATH
Market Cap
$77.65M
Volume (24h)
$5.62
Circulating Supply
154.37M MUST
Max Supply
N/A
1 MUST = $0.50
| All-Time High | $0.998253 (December 14, 2025) |
| All-Time Low | $0.499504 (May 8, 2026) |
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.
At the time of writing, Mustang (MUST) trades at $0.503016, with a 24-hour trading volume of $5.62 and a total market capitalization of $77.65M. The asset is currently ranked #355 among all tracked cryptocurrencies by market cap.
Over the last 24 hours, the MUST price has rose +0.00%. On the seven-day chart, Mustang has climbed +0.00%, showing mixed signals across the short and medium term. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.
Mustang's all-time high of $0.998253 was set on December 14, 2025. The current market price is +49.61% below that historical peak. Distance from the all-time high is a common reference point when evaluating long-term recoveries and identifying macro support or resistance levels.
Buying Mustang (MUST) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.
You can also use the built-in Mustang converter above to estimate exactly how much MUST you would receive for a given amount in USD before placing an order.
Whether Mustang is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, MUST carries significant market risk — prices can rise or fall sharply in a single day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.