USDM

USDM Price

About USDM (USDM)

USDM is a fiat-backed stablecoin native to the Cardano blockchain, designed to provide a stable digital representation of the US Dollar.

• Native Architecture: Unlike bridged or wrapped assets, USDM is issued directly on Cardano, eliminating third-party bridge risks.
• Regulatory Compliance: The asset is dual-regulated, being FinCEN-registered in the United States and MiCA-compliant in the European Union.
• On-Chain Transparency: Reserves are verified on-chain daily, with proof of reserves reported to ensure 1:1 backing by US Dollar assets.

What Is USDM

USDM serves as a primary stable liquidity layer for the Cardano ecosystem. It maintains its value through 1:1 backing by US Dollar reserves held with tier-one US financial institutions. Value moves through the system via a minting and redemption process where users deposit fiat currency to receive equivalent digital tokens.

The token is put to work within the ecosystem by facilitating decentralized trading, lending, and payments. As the Cardano ecosystem grows, USDM scales by providing a reliable unit of account and medium of exchange that inherits the security and liquid properties of the underlying network without requiring external wrappers.

What Makes USDM Unique

The primary differentiator for USDM is its status as a Cardano native asset. Most other stablecoins on the network rely on bridges from other chains, which introduces technical and custodial vulnerabilities. USDM's native issuance means it operates with the same security parameters as the network's native asset, ADA. Additionally, its dual-regulatory status provides a level of institutional-grade compliance that is uncommon for ecosystem-specific stablecoins.

What Can You Use USDM for?

USDM is pegged to the US Dollar and is intended for use in the following capacities:

1. Value retention: Users can hold USDM as a digital representation of the US Dollar to reduce exposure to the volatility of the broader cryptocurrency market.
2. Yield generation: The asset can be utilized in DeFi protocols for lending and liquidity provisioning. Moneta identifies money market funds and bank deposits as part of the reserve composition that supports the token's value.
3. Cross-border settlement / value transfer: USDM enables frictionless international transfers of US Dollar value, leveraging the global reach and 24/7 availability of the Cardano network.
4. Collateralization: It can be used as backing for borrowing and lending protocols or as margin for various decentralized financial instruments.

How Does USDM Work?

USDM operates through a straightforward minting and redemption mechanism. To mint tokens, verified users deposit USD into Moneta’s reserves. Once the deposit is confirmed, an equivalent amount of USDM is minted directly on the Cardano blockchain and sent to the user's wallet. Redemptions follow the reverse process, where tokens are burned and the equivalent fiat value is returned to the user.

Transactions involving USDM on the network incur standard network fees paid in ADA. Any additional costs associated with the minting or redemption process are characterized as protocol service fees. The system uses a Proof of Stake consensus mechanism inherited from the Cardano network to secure transactions and maintain the ledger.

Team Info and Investors

USDM is issued by Moneta, a financial technology firm focused on stablecoin infrastructure. The project maintains partnerships across the Cardano ecosystem, including integrations with major decentralized exchanges and lending platforms. Its European regulatory compliance is facilitated through a partnership with NBX, an exchange that supports its MiCA-compliant operations.

Where can you buy USDM?

USDM tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade USDM is Minswap, where the most active trading pair ADA/USDM has a trading volume of $59,778.62 in the last 24 hours. Other popular options include CSWAP DEX and WingRiders.

What is the daily trading volume of USDM (USDM)?

The trading volume of USDM (USDM) is $217,114.93 in the last 24 hours, representing a -31.30% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for USDM (USDM)?

USDM (USDM) reached an all-time high of $1.41 and an all-time low of $0.5293. It’s now trading -28.20% below that peak and 90.70% above its lowest price.

What is the market cap of USDM (USDM)?

Market capitalization of USDM (USDM) is $12,403,032 and is ranked #1027 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDM tokens (12 Million tokens are tradable on the market today).

What is the fully diluted valuation of USDM (USDM)?

The fully diluted valuation (FDV) of USDM (USDM) is $12,403,032. This is a statistical representation of the maximum market cap, assuming total number of 12 Million ETH tokens are in circulation today.

How does the price performance of USDM compare against its peers?

With a price increase of 2.10% in the last 7 days, USDM (USDM) is outperforming the global cryptocurrency market which is down -2.90%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.