Mountain Protocol USD (USDM) Price and Market Data
Explore real-time Mountain Protocol USD (USDM) price information, market cap, trading volume, and price changes. View the live price chart, read our in-depth analysis, and stay updated with the latest Mountain Protocol USD news and market trends.
Mountain Protocol USD
USDM
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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.