USDM (USDM)
Peg
On-chain reference price measured against $1.00 — own methodology, no issuer data. As of 08:39 UTC. Method
USDM — frequently asked questions
How is the USDM price here computed?
The USDM price on this page is TheDistributed's own reference price, computed from on-chain venue data rather than exchange feeds. The full method, tolerances and labels are documented on our methodology page.
Does USDM have a market cap?
No market cap is shown for USDM. It is a stablecoin, and stablecoin supply figures are issuer claims rather than on-chain facts we can verify, so this page reports no market cap at all.
Is USDM its own blockchain?
No — USDM (USDM) is a stablecoin issued on a host blockchain rather than a native coin. We track it by its verified canonical contract, and its on-chain figures are read from that contract.
Answers are generated from the live figures on this page — on-chain reads, our own reference price and Reddit crowd data — and update as the data does.