Mountain Protocol USD
USDM

1.004
$
0.51 %
Change 24h
Market Cap
$ 49,233,610
Volume 24h
$ 978,138
Circulating Supply
49,110,145
Total Supply
26,351
USDM
$
# Exchange Pair Price Volume 24h

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.