
USDM USDM
Stablecoin
Status
General Info
Contracts/Explorers:
Cardano
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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