One dollar. Two chains. Zero wrappers.
USDM is the first asset to move natively between Cardano and Midnight. No wrapped copy, no third-party IOU. The same regulated dollar, now on Cardano's privacy chain.
Direct minting is available to residents of licensed US states. Everyone else can access USDM through our partner NBX.
How native movement works
No bridge IOU, no synthetic copy. One issuance, two chains.
Lock on Cardano
USDM stays issued on its home chain. Crossing locks your tokens with the issuance intact.
Attested by VIA
VIA Labs' cross-chain messaging, audited by Anastasia Labs, carries the message between chains.
Native on Midnight
The same dollar is issued natively on Midnight, backed one to one. Coming back burns and unlocks.
Supply never doubles. One dollar exists in exactly one place at a time, and Moneta stays in the loop for every crossing.
Try it on testnet at midnight.anytoany.xyz, and watch any message cross at scan.vialabs.tech.
No DUST? No problem.
Midnight's fee resource, DUST, cannot be bought or transferred. It grows while you hold NIGHT and decays when you move it. Strong privacy engineering, hard front door. Sundae Labs' Capacity Exchange opens a second door: on supporting dApps, transactions can be paid in USDM instead. You hold a regulated dollar, and the dollar pays your way.
Why USDM on Midnight is unshielded
USDM on Midnight is a public, unshielded token, and that is deliberate. A settlement asset needs to be auditable; privacy belongs in the applications built on top of it. As VIA Labs put it during the launch demo: “USDM for compliance reasons is an unshielded token.” Stable value first, then private logic.
Wire it up in an afternoon
The integration is one package: npm install @via-labs-tech/usdm-bridge. Move USDM from the command line (c2m, m2c) or import the bridgeUSDM helper into your app. Testnet today (Cardano preprod to Midnight preview), mainnet next per VIA.
Before you start
- testnet ADA + tUSDM
- faucet NIGHT generating DUST
- testnet mnemonic
- local proof server (default port 6300)
- Blockfrost optional, Koios fallback
Backed 1:1
Fiat-backed, redeemable one to one, subject to the published redemption terms.
Regulated issuer
Moneta Digital, FinCEN-registered MSB, state money transmitter licenses.
Free to mint
0% mint fee. Redemption 0.1% with a $50 minimum.
Check it yourself
The reserve, live: /transparency.
Questions, answered
Is USDM on Midnight a wrapped token?
No. USDM locks on Cardano and is issued natively on Midnight, backed one to one, with Moneta in the loop for every crossing. There is no third-party IOU.
Who issues USDM?
Moneta Digital, a FinCEN-registered, state-licensed US issuer. USDM's home chain is Cardano.
How do I get USDM on Midnight?
Mint or buy USDM on Cardano, then move it with the transfer UI at midnight.anytoany.xyz. Wallets: Eternl on Cardano, 1AM on Midnight.
Can I mint directly?
US residents in licensed states can mint at app.moneta.global ($1,000 minimum, 0% fee). Everyone else can access USDM through NBX.
Is my USDM private on Midnight?
USDM itself is a public, unshielded token by design. Privacy-preserving applications on Midnight can build on top of it.