Mountain Protocol USD USDM
USDM
0.9968
$
0.25 %
Change 24h
Market Cap
$ 47,846,400
Volume 24h
$ 1,189,580
Circulating Supply
48,000,500
Total Supply
44,974,000
USDM
$
Description
The USDM token is a rebasing ERC20 token, redeemable at a pegged 1:1 USD value by primary users. USDM is a fully backed stablecoin, backed by "USDM Reserves", which are held under custody with regulated financial institutions in bankruptcy-remote accounts, segregated from the Company's operating accounts, on behalf of, and for the benefit of, Users.
USDM rebases daily, allowing users to receive rewards. These rewards are generated by the interest paid by the US Treasuries held in the USDM Reserves.