Total Tracked$344.64B
RWA ex-Stablecoins$46.82B
Stablecoins$291.42B
Treasuries$8.62B
Gold$5.44B
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USDM

USDMMegaUSD

Stablecoin 24/7/365
OnEthereum
$1
1.08% 24h
Rank #903

USDm is a native stablecoin purpose-built to power real-time applications on MegaETH. USDm is issued through Ethena's stablecoin stack and designed to be deeply integrated across wallets, apps, and onchain services on MegaETH. MegaETH is the first real-time blockchain, secured by Ethereum and powered by a hyper-optimized execution environment with a heterogeneous architecture. It delivers streaming throughput with 10 millisecond latency and up to 100,000 TPS.

  • Macro context: USDM is part of the tokenized money market, which represents only ~0.283% of global M2 money supply today.

Data as of Sep 6, 2026

Price performance

7D

+0.03%

14D

+0.41%

30D

-0.88%

1Y

—

All-time

+1.13%

Market Cap

$17.49M

24h Volume

$1.17M

Best On-Chain APY

0.98%

On-Chain Holders

60

Summed across all deployed chains (per-chain wallets not de-duplicated)

Underlying

Fiat / RWA-backed stablecoin

PermissionlessWhat's this?

Key facts

via /coins/{id}

Market Cap Rank

#903

Circulating Supply

17.47M

Total Supply

17.47M

All-Time High

$1.4 · 2026-08-24

Categories

StablecoinsEthereum EcosystemMegaETH Ecosystem

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Full round-the-clock historical data for USDM — including off-market-hours — exportable to CSV.

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AI-assisted analysis of USDM paired with the latest issuer, regulatory and market news.

Side-by-side execution across centralized order books and on-chain pools. Slippage estimated for a $10,000 swap.