mStable is an autonomous and non-custodial infrastructure for pegged-value crypto assets. It is built on Ethereum and Polygon. mStable assets (mAssets) are built to an autonomous and non-custodial pegged asset layer for Decentralised Finance (DeFi).
mStable was created to address three major problems that confront pegged crypto-asset users:
significant fragmentation in same-peg crypto assets (there are currently over 5 major USD pegged crypto assets on Ethereum for example)
lack of yield in fiat currencies and pegged crypto assets
lack of protection against permanent capital loss in pegged crypto assets