HostMSUSD vs TBTC — price, size and safety, side by side
MSUSD (Base) vs TBTC (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-27.
MSUSD vs TBTC — normalized performance, 2026-09-18T04:43:53 to 2026-09-27T15:10:18
| MSUSD | TBTC | |
|---|---|---|
| Price | $0.8929 | $83.41K |
| Market cap | $46.17M | $348.57M |
| 24h volume | $845.54K | $346.17K |
| Liquidity | $3.41M | $26.61M |
| FDV | $17.09M | $348.57M |
| Holders | 5,541 | 25,225 |
| Age (days) | 656 | 871 |
| Safety grade | B | B |
Where they differ
- TBTC measures ~7.5× the market cap of MSUSD
- TBTC measures ~7.8× the liquidity of MSUSD
- MSUSD measures ~2.4× the 24h volume of TBTC
- TBTC measures ~4.6× the holder count of MSUSD
- over the shared window MSUSD moved +29.9% while TBTC moved +7.20%
What the data says
MSUSD
msUSD is Metronome Synth's synthetic dollar — you deposit volatile collateral (ETH, BTC wrappers) into the Synth engine and mint dollar-denominated synthetic positions against it. The contract 0x526728dbc96689597f85ae4cd716d4f7fccbae9d is the Base deployment our scan tracks, at $3.4 million of pool liquidity as of September 27, 2026.
The honest note, stated plainly: a synthetic dollar is not a stablecoin — msUSD can and does trade off its one-dollar mark (our current read shows it well below), because its price is set by pool dynamics and mint-redemption incentives, not by an issuer redeeming at par. That is a different risk class from USDC or USDT — hold it as a leveraged-collateral instrument, not as cash.
TBTC
tBTC is Threshold Network's trust-minimized wrapped Bitcoin — the decentralized-custody answer to WBTC, where a rotating set of node operators secures the BTC rather than a single custodian. The deployment 0x18084fba666a33d37592fa2633fd49a74dd93a88 is the v2 mint; our September 27, 2026 snapshot reads $26.6 million of tracked pool liquidity.
The honest contrast is the whole point of the asset: tBTC trades BitGo's institutional custody for a threshold-signature committee — no single company can lose or freeze the coins, but the security model is cryptographic-economic (operator collateral) rather than legal, which is a different risk shape, not a strictly smaller one. Its depth vs WBTC's billions is the market's honest verdict on how much that trade matters to people.
FAQ
Which is bigger, MSUSD or TBTC?
By tracked market cap: MSUSD (Base) measures $46.17M and TBTC (Ethereum) measures $348.57M — dated snapshots, not a live feed.
Which is safer, MSUSD or TBTC?
On the contract checks we publish: MSUSD (Base) grades B and TBTC (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have MSUSD and TBTC performed over the shared window?
Between 2026-09-18T04:43:53 and 2026-09-27T15:10:18, the measured snapshots show MSUSD at +29.9% and TBTC at +7.20%.
More comparisons
POD vs MSUSDMSUSD vs PENDLEMSUSD vs WBTCMSUSD vs GULDTBTC vs USD1TBTC vs GHOTBTC vs UNITBTC vs FRXUSD
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-18T04:43:53→2026-09-27T15:10:18; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.