How to buy mStable USD (MUSD) in Australia

Learn how to buy mStable USD (MUSD) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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Where to buy mStable USD in Australia

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.


It looks like MUSD may not be available to purchase on an exchange in Australia.

You can still purchase MUSD by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase MUSD using a decentralised exchange.
  1. Find MUSD on a decentralised exchange and make sure mStable USD can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for MUSD using an exchange like . You will need to purchase enough ETH to swap for MUSD as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for MUSD on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the MUSD tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

What to consider when buying mStable USD

mUSD is the native token associated with the mStable platform. It allows users to facilitate a wide variety of internal transactions ranging from peer-to-peer (P2P) payments to asset minting within the network. Here are a few key aspects of the project worth considering before investing:

  • Unique tokeomics: mUSD is mintable, fully redeemable in lieu of the various basket of assets underlying it. Not only that, the platform also offers clients with extremely low interest rates and high yields by making use of an operational model that combines adjustable lending income and trading fee rates.
  • Novel dApps:As per the official company websitewebsite the mStable platform comes replete with a holistic dApp ecosystem allowing users to seamlessly swap their USD-based stablecoins (with zero-slippage) as well as save (earn interest) on their tokens using a high APY structure.
  • Established backing team: The mStable protocol is the brainchild of James Simpson and Henrik Andersson, two well renowned tech entrepreneurs, who prior to joining the crypto market, worked for Apollo Capital, one of the largest asset managers in the world. Furthermore, in the past, Simpson and Andersson have also been associated with other stablecoins and lending projects designed to mitigate the pain points existing within today’s stablecoin market.
  • Novel operational setup:mUSD tokens represent US Dollars within the context of a blockchain setup, being mintable and fully redeemable (in a permissionless manner) via the platform’s native smart contract network. Additionally, the tokens offer extremely lucrative “risk adjusted” saving APYs that are derived from a host of sources. Lastly, governance-wise, mStable’s day to day operations are looked after by a diverse community of stakeholders, who are afforded the power to provide ideas as well as vote on proposals geared towards enhancing the protocol.

How to sell mStable USD

You can cash out your MUSD with the same exchange you bought it through:

  1. Sign in to the exchange you have MUSD on.
    If you store your mStable USD in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of MUSD you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of mStable USD.

Disclaimer: Cryptocurrencies, including mStable USD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MUSD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the mStable USD or any other cryptocurrency discussed.

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