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.
Mountain Protocol USD Price Analysis
As of November 24 2024 Mountain Protocol USD has a marketcap of $48M.
This is {{percentagefromath}} from its all time high of $1.16.
In terms of its tokenomics, there's a total supply of 48M with 100% currently outstanding.
Keep in mind Mountain Protocol USD has a fully diluted value of $48M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
