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.
Where is Mountain Protocol USD available for purchase?
You can exchange USDM tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Mountain Protocol USD is Curve (Polygon), notably the USDM/USDC pair, which saw a trading volume of $ 2,763.26 in the past day. Additionally, Curve (Ethereum) and Uniswap V3 (Celo) are popular alternatives for trading tokens.
What is the highest value Mountain Protocol USD (USDM) has ever reached?
Mountain Protocol USD (USDM) reached its peak price at 1.16 $ on 20 August 2024, approximately a year ago ago. Presently, the current price is -13.82% lower than this all-time high.
What is the historical minimum price for Mountain Protocol USD (USDM)?
The minimum price reached for Mountain Protocol USD (USDM) was 0.5424 $, documented on 14 August 2024, more than a year ago. In comparison, the current price is 84.26%, it above this historical low.
What is the fully diluted valuation of Mountain Protocol USD (USDM)?
The fully diluted valuation (FDV) of Mountain Protocol USD (USDM) stands at $ 48,14 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of USDM tokens. The realization of this FDV might take several years depending on the emission schedule of USDM tokens.
How to add Mountain Protocol USD (USDM) to MetaMask?
By integrating Mountain Protocol USD (USDM) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import USDM as a token. You can either manually import USDM by copying its contract address (0x59d9356e565ab3a36dd77763fc0d87feaf85508c) or use MetaMask's Chrome extension to add USDM with a single click through P.CASH.
How to add Mountain Protocol USD (USDM) to TrustWallet?
Incorporating Mountain Protocol USD (USDM) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include USDM, you can either manually import it using the contract address (0x59d9356e565ab3a36dd77763fc0d87feaf85508c) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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