# mUSD

<figure><img src="/files/w4CoDcRHK7sEGovGYZmB" alt=""><figcaption></figcaption></figure>

[mUSD](https://medium.com/@mirageprotocol/musd-the-yield-bearing-stablecoin-at-the-center-of-mirage-protocol-e9a407f7b931) - the mirage dollar is minted by providing high quality collateral such as USDC, APT, or MOVE, taking on an over-collateralized debt position.

mUSD serves as margin on the [mirage market](/mirage-market.md) perps dex. minters of mUSD act as the counterparty to traders, and as a result earn a significant portion of [protocol fees](/mirage-market/funding-and-fees.md#fee-split). these fees go toward paying down the mUSD debt required to unlock deposited collateral. in this respect, mUSD functions as a **self-repaying stablecoin loan.**

**mirage assets can also be used in a variety of leverage and hedging strategies across the Aptos ecosystem.** for more details, see [yield strategies](/musd/yield-strategies.md).

in the future, mirage plans to implement yield-bearing strategies on deposited collateral to further accelerate the self-repaying mechanism. see [Alchemix for more details](https://alchemixfi.medium.com/introducing-alchemix-9e7054de54d6) on how this is possible.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.mirage.money/musd.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.