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About Metronome Synth USD
Analysis of 22 Jul 2026Metronome Synth USD (msUSD) is an overcollateralized synthetic dollar issued through Metronome Synth, not a claim on a bank reserve account. Users deposit supported assets and mint synthetics within collateral factors set by the protocol.
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Metronome values msUSD at $1 internally through Chainlink-based pricing, while its external exchange price can diverge. Official documentation lists deployments on Ethereum, Optimism, and Base, with synthetic assets also designed for cross-chain transfers.
CoinGecko reported about 48.3 million msUSD circulating and a market price near $0.993 on July 22, 2026. The protocol earns balance fees, marketplace trading fees, and a share of liquidation penalties for its treasury.
