Mu Digital AZND

AZND Price

About Mu Digital AZND (AZND)

Mu Digital AZND is a yield bearing stablecoin on the Monad network that provides on-chain access to institutional grade Asian credit markets.

• The protocol tokenizes Asia based fixed income assets, including government bonds and private credit, to generate stable yields for users.
• AZND represents the senior tranche of credit products, offering capital preservation and stability backed by underlying debt instruments.
• Built by former executives from major investment banks, the project focuses on transparency through regular proof of reserves and on-chain reporting.

What Is Mu Digital AZND

Mu Digital AZND is a decentralized finance protocol designed to bridge Asian credit markets with on-chain liquidity. The platform structures financial products into two distinct tokens, where AZND serves as the senior, yield bearing asset for users seeking stability.

Value moves through the system as the protocol tokenizes off-chain credit assets, such as corporate bonds and proprietary private credit deals, sourced through deep institutional networks. The token is put to work by providing holders with a share of the interest generated by these underlying Asian debt instruments.

This mechanism scales as the ecosystem grows, allowing a broader range of everyday crypto users to access high quality Asian sovereign and corporate borrowers that were traditionally reserved for private banks and high net worth individuals.

What Makes Mu Digital AZND Unique

• Institutional Expertise: The founding team consists of former executives from global investment banks like UBS and Bank of America Merrill Lynch, bringing over 40 years of deal sourcing experience.
• Asia-Centric Credit: Unlike many stablecoins backed solely by sovereign debt from Western nations, AZND offers exposure to the $20 trillion Asian credit market, including investment grade bonds with ratings of BBB or higher.
• Dual Token Structure: The protocol utilizes a tranche-based system to separate risk and yield, with AZND representing the lower-risk senior position secured against potential credit defaults in the portfolio.

What Can You Use Mu Digital AZND for?

Mu Digital AZND is pegged to the US Dollar.

1. Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar while reducing exposure to broader cryptocurrency market volatility.
2. Yield generation: Users can earn passive income through yield generation options, with the protocol targeting yields backed by investment grade Asian bonds and private credit deals.
3. Cross-border settlement / value transfer: AZND enables frictionless international transfer of US Dollar value across borders using high-performance blockchain infrastructure within the Monad Ecosystem.
4. Collateralization: The token is designed for integration with decentralized exchanges, lending markets, and yield management platforms, where it can serve as collateral for borrowing or margin for derivatives.

How Does Mu Digital AZND Work?

Mu Digital works by holding tokenized assets through regulated off-chain entities that are managed by third-party servicing and reporting firms. The protocol then issues on-chain tokens representing these assets, using smart contracts to distribute yield and manage liquidity.

Transparency is maintained by publishing on-chain data regarding portfolio composition, which allows users to verify the assets backing their tokens. As an application utility token on the Monad network, AZND interacts with various DeFi protocols, where any associated protocol service fees are used to maintain the system's infrastructure.

Team Info and Investors

The protocol was founded by Patrick Hizon (CEO) and Cholo Maputol (CCO), both of whom have extensive backgrounds in Asian capital markets and deal origination. Mu Digital is backed by notable financial institutions and venture firms, including UOB Venture Management, CMS Holdings, Signum Capital, and Cointelegraph Accelerator.

The project also received early backing from individual angel investors associated with Gauntlet, Monad, and Bank of America, raising US$1.5 million in its pre-seed funding round.

Where can you buy Mu Digital AZND?

AZND tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Mu Digital AZND is Curve (Monad), where the most active trading pair AZND/AUSD has a trading volume of $2,644.27 in the last 24 hours.

What is the daily trading volume of Mu Digital AZND (AZND)?

The trading volume of Mu Digital AZND (AZND) is $2,644.27 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Mu Digital AZND (AZND)?

Mu Digital AZND (AZND) reached an all-time high of $1.00 and an all-time low of $0.1762. It’s now trading -82.20% below that peak and 1.20% above its lowest price.

What is the market cap of Mu Digital AZND (AZND)?

Market capitalization of Mu Digital AZND (AZND) is $2,912,444 and is ranked #1806 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AZND tokens (16 Million tokens are tradable on the market today).

What is the fully diluted valuation of Mu Digital AZND (AZND)?

The fully diluted valuation (FDV) of Mu Digital AZND (AZND) is $2,912,444. This is a statistical representation of the maximum market cap, assuming total number of 16 Million ETH tokens are in circulation today.

How does the price performance of Mu Digital AZND compare against its peers?

With a price increase of 0.00% in the last 7 days, Mu Digital AZND (AZND) is underperforming the global cryptocurrency market which is up 2.60%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -1.30%.