Price change (24h):
7.15%
High (24h):
$0.475585
Low (24h):
$0.439511
Volume (24h):
$2.88K
Market Cap:
$31.87K
All Time High:
98.56% $32.69
Apr 10, 2021
All Time Low:
160% $0.18
Feb 3, 2025
11.38 %(1Y)
$0.471805
Price change (24h):
7.15%
High (24h):
$0.475585
Low (24h):
$0.439511
Volume (24h):
$2.88K
Market Cap:
$31.87K
All Time High:
98.56% $32.69
Apr 10, 2021
All Time Low:
160% $0.18
Feb 3, 2025
Meter Stable (MTR) is a cryptocurrency launched in 2018. It serves as a proof-of-work-mined stablecoin designed to function without the counterparty or oracle dependencies that plague fiat-backed and crypto-collateralized alternatives.
The project eliminates the perennial weaknesses of centralized stablecoins by substituting collateral vaults with a native mining process. MTR maintains its purchasing power through a permissionless issuance mechanism, not through reserves held by a third-party custodian. Regulation and asset freezes become structurally impossible under this model.
The Meter network operates on its own blockchain using proof-of-work. Miners running SHA-256 ASICs compete to append blocks, a design choice that ties the coin’s security directly to energy expenditure. This same mechanism also governs the expansion of the money supply.
The blockchain integrates smart contract functionality, situating it within the broader landscape of programmable settlement layers. Its SHA-256 algorithm affords a high degree of battle-tested cryptographic assurance. Interoperability features, although not exhaustively documented, signal an intention to bridge value across disparate chains.
The protocol’s mainnet activated on February 1, 2018, originating from a development effort based in the United States. Mining commenced without fanfare, gradually attracting a small, persistent cohort of participants. Its quiet longevity in a notoriously fickle market underscores a stubborn niche demand for algorithmic stability without on-chain collateral.
In essence, Meter Stable aims to decouple the concept of a stable medium of exchange from the frailties of human-administered reserve systems. A trust-minimized stablecoin that can reliably serve as a unit of account across the decentralized web represents its core ambition. The architecture aspires to render regulatory intervention moot at the protocol level.
On the Meter blockchain, MTR serves as the native fee token, paying for every state transition and smart contract invocation. Miners receive these fees along with block subsidies, creating a direct incentive loop that underwrites network security. Without MTR, computational operations on the chain halt, making it the essential economic fuel of the ecosystem.
Miners direct SHA-256 hashing hardware at the network to earn newly minted MTR, effectively underwriting the stablecoin’s supply expansion. Traders use MTR as a settlement asset across a handful of active markets, benefiting from its peg stability for portfolio hedges. Developers who deploy decentralized applications on Meter’s smart contract layer must fund their contracts’ execution costs with the token.
Meter Stable has a total supply of 391,721 tokens. Currently, 391,721 are in circulation. The entire supply is liquid, with no locked or unissued reserves remaining. With a market capitalization of $140,286, Meter Stable ranks #5,329 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 11/07/2026 | $0.47 | $0.47 | $0.47 | $0.47 |
| 10/07/2026 | $0.46 | $0.47 | $0.47 | $0.44 |
| 09/07/2026 | $0.46 | $0.46 | $0.46 | $0.43 |
| 08/07/2026 | $0.46 | $0.46 | $0.49 | $0.46 |
| 07/07/2026 | $0.48 | $0.46 | $0.49 | $0.46 |
| 06/07/2026 | $0.45 | $0.48 | $0.55 | $0.44 |
| 05/07/2026 | $0.44 | $0.45 | $0.45 | $0.42 |
| 04/07/2026 | $0.42 | $0.44 | $0.44 | $0.42 |
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