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coin-detail-page::What Is MetaMask?

coin-detail-page::What Is Polygon?

## What Is Meta (MTA)?

Meta (MTA) and mStable ([MUSD](https://coinmarketcap.com/currencies/mstable-usd/)) are parts of an autonomous, non-custodial stablecoin infrastructure that is designed to provide a decentralized finance ([DeFi](https://coinmarketcap.com/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.


### Who Are the Founders of Meta?

mStable was co-founded by James Simpson and Henrik Andersson. 

James Simpson is the CEO of mStable. He has also worked as an investment analyst at Apollo Capital.

Henrik Andersson is the lead advisor at mStable. He is also and an advisor at Meld Gold and the CIO of Apollo Capital.

Simpson and Andersson met at Apollo Capital, and, after participating in several stablecoin and lending platform projects, they started work on uniting lending, swapping and saving into a single standard. Their goal was to remove points of friction encountered by the users of existing stablecoins. This project eventually became mStable. 


#### What Makes Meta Unique?

mStable provides a stablecoin liquidity pool, or, in other words, a noncustodial smart contract that allows deposits of whitelisted stablecoins. 

SWAP addresses the issue of liquidity across different stablecoins and assets, and the MUSD token is redeemable for any underlying asset at a 1:1 ratio, regardless of its price. This way, zero slippage occurs, and there’s an implementation of a straight-line bonding curve which generates a large swap volume from users that are arbitraging the price difference.

SAVE solves the issue of yield by offering a high annual percentage yield (APY). Holding MUSD allows users to access the MUSD high savings rate, which is a combination of interests that are gained by the automatic lending of the underlying assets to Save and Compound.

MINT facilitates the minting of MUSD, which is necessary to address mStable’s high APY. There are 14 million stablecoins that have generated 40 million MUSD which is the collateral behind the circulating supply.

EARN motivates users to contribute to MUSD liquidity through DeFi. Its goal is to make MUSD a lot more useful and liquid. To do this efficiently, mStable distributes MTA.

mStable increases the liquidity by pooling participants from different asset markets, improves safety through spreading the risk of different pegging mechanisms and reduces the congestion by inviting liquidity into the system through incentives.


#### Related Pages:

Learn more about [HempCoin](https://coinmarketcap.com/currencies/hempcoin/).

Learn more about [Synthetix](https://coinmarketcap.com/currencies/synthetix-network-token/).

Learn how to use Uniswap on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/how-to-use-uniswap).

Increase your knowledge of cryptocurrencies on the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Meta (MTA) Coins Are There in Circulation?

As of March 2021, Meta (MTA) has a circulating supply of 17,336,544 tokens and a maximum supply of 100,000,000 MTA.


### How Is the Meta Network Secured?

mStable keeps the network secure through a multi-faceted approach. There is a macro-level architecture with a robust governance decentralization plan and a micro-level architecture where code formatting, documentation, testing procedures and auditing play vital roles.

There is also an open reward pool for the discovery and reporting of vulnerabilities found within the mStable protocol.


### Where Can You Buy Meta (MTA)?

Meta (MTA) can be bought and sold on the following exchanges:



*   [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) 
*   [FTX](https://coinmarketcap.com/exchanges/ftx/)
*   [Bitribe](https://coinmarketcap.com/exchanges/bitribe/)
*   [ZT](https://coinmarketcap.com/exchanges/zt/)
*   [WBF Exchange](https://coinmarketcap.com/exchanges/wbf-exchange/)

You can learn everything you need to know about buying Bitcoin (BTC) and other cryptocurrencies [here.](https://coinmarketcap.com/how-to-buy-bitcoin/)


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