MNEE USD (MNEE) is a fiat-backed US dollar stablecoin. It has about $43.9M in circulation, ranking #77 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is MNEE?
MNEE USD (MNEE) is a fiat-backed US dollar stablecoin. It has about $43.9M in circulation, ranking #77 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: MNEE is revolutionizing the way we move money. It's the fastest, most scalable, lowest-fee fully regulated stablecoin on the market.
MNEE supply history
MNEE supply fell 25.5% over the past 30 days, to $43.9M. Its peak was $106M in February 2026, and supply is 59% below that high.
Is MNEE holding its peg?
There is no live market price for MNEE. It is not actively traded on any exchange or DEX we can see, which is common for bank-issued and permissioned stablecoins that are only minted and redeemed directly with the issuer.
Where MNEE lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all MNEE. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How MNEE is backed
Each MNEE is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: MNEE is fully backed 1‑for‑1 by U.S. dollars. Reserves are held in regulated financial institutions and are regularly audited by independent third parties to ensure full collateralization.
MNEE risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $43.9M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
MNEE vs USDT and USDC
Similar fiat-backed stablecoins
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MNEE FAQ
What is MNEE?
MNEE USD (MNEE) is a fiat-backed US dollar stablecoin. It has about $43.9M in circulation, ranking #77 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs MNEE?
MNEE is a fiat-backed stablecoin. Each MNEE is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is MNEE on?
MNEE is live on 1 blockchain. The largest by supply are Ethereum ($43.9M).
How much MNEE is in circulation?
About $43.9M of MNEE was in circulation at the last update, -25.5% over 30 days. That makes it the #77 stablecoin by supply among those we track.
Is MNEE safe?
No stablecoin is risk-free. As a fiat-backed design, MNEE's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "no market price" on our peg monitor. This page is information, not investment advice.