Meter Stable (MTR)

Meter Stable (MTR) is a stablecoin that operates on the Meter Network, an EVM-based PoS/PoW blockchain designed to eliminate frontrunning and provide a censorship-resistant environment. The stablecoin is pegged to 10kWh, offering a resilient alternative to fiat-backed stablecoins that are centralized and subject to regulatory restrictions. MTR can be obtained by mining Meter’s metastable gas currency, which can be used for transaction fees and bidding for MTRG on the network. The economic design of Meter ensures that PoW mining on the network is greener than traditional fiat systems and stabilizes the value of MTR in the long term.

Developers can use Meter’s capabilities to build blazing-fast, fair, and low-cost decentralized applications (dApps). The Meter Network can process thousands of transactions per second instantly while also providing resistance to front running and censorship. Transactions can be processed in parallel, and the fees on Meter are both stable and affordable. Meter is an open-source platform that prioritizes freedom and fairness, with decentralization and resistance to manipulation as core principles. By offering an independent metastable coin, Meter fulfills Satoshi’s vision of sound money that is not tied to the traditional fiat system.

Meter ensures interoperability with multiple blockchains, allowing assets to be bridged and scaled securely with minimal hardware requirements. It actively encourages Ethereum developers to build on the platform by providing frontrunning/MEV resistance and immediate finality. With support for thousands of transactions per second at a stable and low cost and a large number of validators to ensure financial freedom, Meter is a platform that empowers developers and dApp users alike. Over 100 dApps have already utilized Meter to enhance their performance, highlighting its capabilities and potential.