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USDM

USDM USDM 

Stablecoin

Status

General Info

Contracts/Explorers:

Cardano

c48cb...3444d

Tags (Sub-Categories):

# Token

+2

Description

USDM is a cardano's fiat-backed stablecoin issued by Moneta.

What is USDM?

USDM is a pegged stablecoin issued by Moneta for Cardano that serves as a base asset for decentralized finance (DeFi) protocols and enables instant on-chain payments, accelerating the growth and adoption of the entire Cardano ecosystem.

USDM is backed 1:1 by USD bank deposits and money market funds managed by Fidelity and Western Asset Management, ensuring stability and security for all users.

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