Monetrix USDM(USDM)
Market Cap$2.53m
Price-
Total Circulating2.53m
Stablecoin Information
USDM is a delta-neutral, yield-bearing synthetic dollar on HyperEVM. It is backed by USDC collateral deployed into delta-neutral basis-trading positions (funding payments, HLP and borrow-lend yield) on Hyperliquid Core, and mints/redeems 1:1 against USDC.
Category:crypto-backed
Minting and RedemptionUsers mint USDM 1:1 by depositing USDC, which the protocol deploys into delta-neutral positions on Hyperliquid Core. USDM can be staked for sUSDM to earn the strategy yield, and is redeemed back to USDC 1:1.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.99% | 2.53m |