USDM by Moneta
Cardano's Premiere Fiat-backed Stablecoin
USDM is Moneta’s answer to Cardano’s need for a stable, reliable, scalable, and transparent digital currency. Pegged to the US dollar, USDM brings the flexibility and security of the Cardano blockchain, making it an ideal medium of exchange for USD-denominated financial transactions.
How USDM Works
Mechanics of Stability: How USDM Maintains Its Value
Minting
Approved business users can mint USDM, after completing KYC. If you are a business user interested in minting or redeeming USDM, please contact bizdev@moneta.global.
Verification
A decentralized oracle verifies the fiat reserves on-chain, allowing the Moneta protocol to mint only up to the verified available amount in the USDM fiat reserves.
Burning
To redeem USDM for USD, verified users request a burn of their USDM tokens, with the equivalent USD amount transferred back to their verified bank account (subject to fees). This ensures the stablecoin maintains a 1:1 peg with the US dollar.
Decentralized Exchanges
(DEXs)
Experience seamless trading of USDM on top decentralized exchanges. Engage with the vibrant Cardano ecosystem through Cardano’s most reputable DEXs.
What Makes USDM Unique
USDM: Setting A High Bar on Cardano
Fiat-Backed
Each USDM token has a 1:1 backing with the US dollar, ensuring each unit holds actual value, anchoring it in stability and safeguarding against the usual volatility of digital currencies.
Cardano Integration
USDM is built on the robust foundation of Cardano, utilizing its premier security features and efficiency. This integration greatly improves compatibility with other blockchain applications, making USDM exceptionally versatile for both users and developers.
Capital Efficiency
USDM is finely tuned for optimal performance in decentralized finance (DeFi) scenarios. It enhances liquidity and streamlines the deployment of capital, which greatly improves the efficiency and effectiveness of financial operations across platforms.
Community-Driven Freedom
Secure Self-Custody
Peer-to-peer transfers are done securely on the Cardano blockchain, without the interference of smart contracts that are required on other blockchains, providing all the benefits of on-chain transactions. This provides users with peace of mind that once funds are in their self-custody wallets, their USDM is truly theirs.
Liberty for the Sovereign Dollar
USDM offers the benefits of digital currency without the overreach of smart-contract protocols found on Ethereum/EVM blockchains. This allows your digital dollar to move throughout the ecosystem, controlled only by you.
Our Commitment to Regulation
Adherence to the Highest Global Standards
Licensing
Moneta is fully compliant with financial regulations, operating as a registered entity under FinCen and pursuing further licensing in the USA and other global jurisdictions.
KYC & AML
We adhere to strict KYC and AML guidelines for minting and redemption activities, ensuring the integrity of financial transactions.