What is USD Mapped Token (USDM)?

USD Mapped Token (USDM) is a digital asset designed to provide a stable and reliable store of value in the decentralized finance (DeFi) ecosystem. As a token pegged to the US dollar, USDM aims to offer users a hedge against the volatility often associated with cryptocurrencies, while still allowing them to participate in the growth and innovation of the DeFi space. One of the key advantages of USDM is its potential to facilitate seamless transactions and enable the development of decentralized applications (dApps) that require a stable medium of exchange. By providing a reliable and transparent alternative to traditional fiat currencies, USDM can help drive the adoption and mainstream acceptance of DeFi technologies.

USD Mapped Token (USDM) price statistics

As of November 20, 2024, the current price of the USDM token on DEX markets is $0.9995, with a total DEX liquidity TVL of $99.94M. The USDM token trades on 1 blockchains and 3 DEX (decentralized exchanges). The total DEX trading history for the last 24 hours includes 6 trades (TXNS) with a trading volume of $9,994.22.

Frequently Asked Questions

What is the DEX daily trading volume of USD Mapped Token (USDM)?

The total 24-hours trading volume on all DEX exchanges for USDM token is $9,994.22.

What is the DEX TVL (Total Value Locked) of USD Mapped Token (USDM)?

The total DEX TVL of USD Mapped Token (USDM) is $119.96M in the last 24 hours.

What blockchain is the token USDM launched on?

The USD Mapped Token USDM token is launched on the Ethereum.

What is the exchange rate of 1 USD to USDM?

DEX exchange rate of 1 USDM to USD is $0.9995 as of 6:25 PM UTC.

How much USDM can I purchase with 1 USD?

Based on DEX current exchange rate, you can buy 1.0004487669305555 USDM for 1 USD.