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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.
The recent Mountain Protocol USD (USDM) price today is $0.99924 USD. We update our USDM to USD on frequent basis. The current Mountain Protocol USD situation is down -0.19755% in last 24 hours. The current grepget rank is #-. Mountain Protocol USD has a circulating supply of 0.0 USDM.