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.
- Macro context: USDM is part of the tokenized money market, which represents only ~0.282% of global M2 money supply today.
Data as of Sep 6, 2026
Price performance
7D
—
14D
—
30D
-0.76%
1Y
+0.31%
All-time
-0.33%
Market Cap
$1.4M
24h Volume
$0
Best On-Chain APY
0.31%
On-Chain Holders
27.55K
Summed across all deployed chains (per-chain wallets not de-duplicated)
Top 10 Holder %
0.00%
Underlying
Fiat / RWA-backed stablecoin
Key facts
via /coins/{id}Market Cap Rank
#2594
Circulating Supply
1.4M
Total Supply
1.4M
All-Time High
$1.47 · 2026-05-01
Categories
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Full round-the-clock historical data for USDM — including off-market-hours — exportable to CSV.
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CEX Order Books
CoinGecko /coins/{id}/tickers
No centralized listings tracked for this asset.
DEX Pools
GeckoTerminal /onchain pools
| Market | Price | 24h Vol | Liquidity (TVL) | Slippage $10k |
|---|---|---|---|---|
 CurveBest | $1.19 | $0 | $41.17K | 32.70% |
Top 10 on-chain holders
0.00% of supply| # | Holder | Network | Share | Value |
|---|---|---|---|---|
| 1 | 0xfa1d…ef10 | Ethereum | 0.45% | — |
| 2 | 0x247d…cad6 | Ethereum | 0.42% | — |
| 3 | 0x1e4c…a84c | Ethereum | 0.36% | — |
| 4 | 0xf9c9…9e3b | Ethereum | 0.36% | — |
| 5 | 0xf819…73aaHot Wallet | Ethereum | 0.31% | — |
| 6 | 0xb642…b368 | Ethereum | 0.30% | — |
| 7 | 0xf85b…e6c8 | Ethereum | 0.28% | — |
| 8 | 0xcf51…681dCurve.fi sdai-usdm Gauge Deposit (SDAI-USDM-GAUGE) | Ethereum | 0.24% | — |
| 9 | 0xab70…a3e6 | Ethereum | 0.17% | — |
| 10 | 0xa3a7…0eecL1 ERC20 Gateway | Ethereum | 0.15% | — |
Top holders across Ethereum · share = USD value ÷ market cap · source: GeckoTerminal. Concentration is informational, not a risk rating.