Meta (MTA) and mStable (MUSD) are parts of an autonomous, non-custodial stablecoin infrastructure that is designed to provide a decentralized finance (DeFi) platform and a base layer collateral protocol on which DeFi applications can be built. mStable is a meta-asset platform with an aim of creating assets that are better than the sum of their parts.
The Meta (MTA) token is mStable’s protocol token and has three functions: coordination of decentralized governance, incentivization of bootstrapping of mAsset liquidity, and utility and empowerment of a decentralized community of Governors.
As such, Meta governs mStable, and each system parameter is determined by the users. To participate in the governance, the users have to stake MTA and vote on the proposals, thereby becoming a Meta Governor.