Learn
Everything you need to understand USDM, Cardano DeFi, and the stablecoin landscape, from your first steps to advanced architecture.
New to stablecoins?
Start here. Learn what stablecoins are, how to set up a Cardano wallet, and how to mint your first USDM tokens.
Use USDM in DeFi
Ready to use USDM across Cardano? Learn how to provide liquidity, use it in DeFi, and compare stablecoins on the network.
- Earning yield with USDM in DeFi9 min
- Providing liquidity on MinswapSoon
- Stablecoin comparison: USDM vs. USDCx vs. USDASoon
Deep-dive into architecture
Understand USDM's technical foundation: reserve architecture, on-chain oracle mechanics, MiCA compliance, and the GENIUS Act.
- Inside USDM's reserve architecture12 min
- How on-chain oracle verification worksSoon
- MiCA compliance and what it means for USDMSoon
FluidTokens & USDM: lending, NFT-fi, and the DeFi Coalition
FluidTokens is a multi-product Cardano DeFi protocol covering isolated-pool lending, NFT-collateralised loans, and DEX routing. It's also the venue chosen by the USDM DeFi Coalition for aligned capital deployment. Here's how the integration works, with publishable numbers from the first 60 days.
USDM Core: Understanding the Fundamentals of a Regulated Stablecoin
USDM is Cardano's regulated, fully-reserved stablecoin: issued under FinCEN MSB registration, backed 1:1 by reserves held with tier-one US institutions, with reserves verified daily on-chain.
Why Liqwid chose USDM: building Cardano's institutional yield rail
A money market is only as credible as the assets that flow through it. Here's why Liqwid Finance built around USDM, a regulated, oracle-attested, composable digital dollar, and what it means for the institutions putting serious capital onto Cardano.
How to swap ADA to USDM on Minswap: a step-by-step guide
Minswap is the largest DEX on Cardano and the deepest liquidity venue for USDM. Here's exactly how to swap ADA into USDM, verify the trade in your wallet, and (if you want) provide liquidity to the pool.
USDM as the USD layer for Cardano NFTs: why NMKR creators price in dollars now
NFT pricing in volatile native tokens has been a structural drag on the creator economy. USDM on NMKR fixes both the volatility problem and the global access problem at the same time. Here's what changes when Cardano's creator economy denominates in dollars instead of ADA.
Pennies vs. percent: how Veralidity puts USDM in real merchant checkouts
Card processors charge merchants 1-3.5% of every sale. A USDM payment on Cardano costs pennies, settles instantly, and can't be charged back. Veralidity's Magento extensions are the bridge that lets ordinary e-commerce stores accept regulated stablecoin payments, without their customers ever needing to know what Cardano is.
Why NBX co-issues USDM in Europe, and what a regulated co-issuer structure unlocks
Most stablecoins reach new jurisdictions by wrapping their token and bridging it across. USDM took a different route: a dual-entity issuance structure with a licensed European exchange. Here's why that matters for MiCA, for institutions, and for anyone who needs a globally compliant on-chain dollar.
Why SundaeSwap chose USDM: an engineering-led stablecoin integration
Most DEX integrations are listings. SundaeSwap's integration with USDM was something different. Sundae Labs worked at the protocol layer with the team behind USDM on security and upgradeability. Here's why that matters, and what it says about how serious infrastructure teams choose a stablecoin.
Independent eyes on USDM: how Xerberus monitors a regulated stablecoin
A regulated stablecoin needs more than its issuer's word. It needs independent, on-chain monitoring of how every token actually moves. That's why USDM works with Xerberus, an independent risk-and-surveillance protocol that watches USDM's on-chain flow, flags suspicious activity, and supports law-enforcement response. This is what serious AML on a public blockchain looks like.
From Sri Lankan tea to on-chain dollars: USDM and ZenGate's Palmyra exchange
Most stablecoin stories live inside DeFi. This one starts in a tea field in Sri Lanka and ends with a wholesale buyer settling on Cardano in regulated dollars. Here's how ZenGate's Palmyra commodity exchange uses USDM as its settlement currency, and why a real-world economic flow finally has a credible on-chain home.
Inside USDM's Reserve Architecture
How does Moneta maintain a 1:1 USD peg? A technical deep-dive into USDM's reserve structure, custodian relationships, on-chain oracle verification, and what makes it more transparent than competitors.
Earning Yield with USDM on Liqwid Finance
Liqwid Finance is Cardano's leading lending protocol. Depositing USDM lets you earn competitive yield while maintaining USD stability. Here's exactly how to do it.
Your First USDM: A Step-by-Step Minting Guide
Minting USDM takes under 10 minutes once you're verified. This guide walks you through every step, from KYC to receiving USDM in your Cardano wallet.
How to Set Up a Cardano Wallet in 10 Minutes
Before you can hold USDM or interact with Cardano DeFi, you need a self-custodial wallet. This step-by-step guide covers Eternl, Lace, and Vespr: the three best options.
What Is a Stablecoin? A Beginner's Guide
Stablecoins combine the programmability of crypto with the price stability of fiat currencies. Here's everything you need to know before minting your first USDM.
Ready to use USDM across Cardano?
Mint your first USDM or explore the DeFi ecosystem.