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 ~0.283% of global M2 money supply today.
Data as of Sep 6, 2026
Price performance
7D
+0.60%
14D
—
30D
—
1Y
—
All-time
+0.31%
Market Cap
$956.49K
24h Volume
$4.17
Best On-Chain APY
0.98%
On-Chain Holders
26.5K
Summed across all deployed chains (per-chain wallets not de-duplicated)
Key facts
via /coins/{id}Market Cap Rank
#3098
Circulating Supply
963.33K
Total Supply
1.4M
All-Time High
$1.47 · 2026-05-01
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