{"id":"usdm","title":"USDM","content":"**USDM** is a [fiat](https://iq.wiki/wiki/fiat-money)-backed [stablecoin](https://iq.wiki/wiki/stablecoin) issued by Moneta Digital LLC and implemented as a native asset on the [Cardano](https://iq.wiki/wiki/cardano-ada) network. It is designed to maintain a 1:1 value with the U.S. dollar through redeemability and reserve backing, supporting payments and [decentralized finance](https://iq.wiki/wiki/defi) within the ecosystem. [\\[1\\]](#cite-id-srAAz0h8KSGH1906) \n\n## Overview\n\nUSDM is a [fiat](https://iq.wiki/wiki/fiat-money)-backed [stablecoin](https://iq.wiki/wiki/stablecoin) issued by Moneta Digital LLC that is designed to maintain a 1:1 value with the U.S. dollar and is directly redeemable for [fiat](https://iq.wiki/wiki/fiat-money) by eligible users. It is implemented as a native asset on the [Cardano](https://iq.wiki/wiki/cardano-ada) network and is intended for use in payments, settlement, and [decentralized finance](https://iq.wiki/wiki/defi) applications within that ecosystem. The token is supported by reserve assets held in segregated accounts and operates with an emphasis on transparency through attestations and disclosures. Its infrastructure is developed and maintained by W3i Software, Inc., while a portion of the proceeds is directed toward ecosystem initiatives via the Plomin Legacy Fund. USDM combines regulated [fiat](https://iq.wiki/wiki/fiat-money)-backed issuance with a model that incorporates elements of decentralization in governance and ecosystem participation, though its core financial operations remain centrally managed for compliance purposes. [\\[2\\]](#cite-id-2HLPZrMXeeWXsnM7) [\\[5\\]](#cite-id-KqMN1VkPtRJH8j4B) \n\n## Features\n\nUSDM is a [fiat](https://iq.wiki/wiki/fiat-money)-backed [stablecoin](https://iq.wiki/wiki/stablecoin) on the [Cardano](https://iq.wiki/wiki/cardano-ada) with features centered on convertibility, custody, and on-chain usability. It maintains a 1:1 [peg](https://iq.wiki/wiki/currency-peg) with the U.S. dollar through a [mint](https://iq.wiki/wiki/minting)-and-[burn](https://iq.wiki/wiki/token-burn) system, where tokens are issued against deposited USD and redeemed by [burning](https://iq.wiki/wiki/token-burn) tokens for [fiat](https://iq.wiki/wiki/fiat-money). While issuance and redemption require compliance checks, the token itself can be held and transferred permissionlessly in self-custody wallets, using [Cardano’s](https://iq.wiki/wiki/cardano-ada) native asset functionality without relying on [smart contracts](https://iq.wiki/wiki/smart-contract).\n\nThe token is supported by reserves consisting of cash and cash equivalents held in segregated accounts, with policies that prevent rehypothecation and aim to ensure the integrity of the backing. Transparency is addressed through regular third-party attestations, operational disclosures, and the use of verification tools such as on-chain proof systems and public APIs. Additional features include security controls such as multi-signature key management, as well as a structure that prevents issuer-level freezing or blacklisting of self-custodied tokens, although access to [minting](https://iq.wiki/wiki/minting) and redemption services can be restricted for compliance reasons.\n\nUSDM is also designed for integration into payments and [decentralized finance](https://iq.wiki/wiki/defi) within the [Cardano](https://iq.wiki/wiki/cardano-ada) ecosystem, benefiting from native token mechanics that enable direct transfers and composability with applications. Its architecture avoids reliance on cross-chain bridges by operating as a native asset, while still allowing optional wrapped versions where needed, and positions the token as a stable unit of account for financial activity on the network. [\\[2\\]](#cite-id-2HLPZrMXeeWXsnM7) [\\[5\\]](#cite-id-KqMN1VkPtRJH8j4B) \n\n[YOUTUBE@VID](https://youtube.com/watch?v=tjHx8XpKMUo)","summary":"USDM is a fiat‑backed USD stablecoin issued by Moneta Digital LLC as a Cardano‑native asset. It aims to hold a 1:1 peg via mint‑and‑burn against USD reserves, with KYC‑gated mint/redemptions and permissionless on‑chain transfers for holders.","images":[{"id":"QmNXa5VnuaqtkBF4Kr7Ky5X3Uz4SCiPWHfm6B4xpvQntxF","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Stablecoins"},{"id":"Protocols"}],"media":[{"id":"QmZiSsKsVgaKwHg72RWUE8656oaQLRxLPPqnjFwZD5TJ53","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmUbfZ17GUCY9u5dkqyq7dtpeFHJX3pnbe9ZJceJThKzq1","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=tjHx8XpKMUo","size":"0","name":"tjHx8XpKMUo","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"srAAz0h8KSGH1906\",\"url\":\"https://moneta.global/\",\"description\":\"Moneta official site\",\"timestamp\":1777032792490},{\"id\":\"2HLPZrMXeeWXsnM7\",\"url\":\"https://moneta.global/USDM%20Lite%20Paper.pdf\",\"description\":\"USDM Lite Paper\",\"timestamp\":1777032792490},{\"id\":\"LYF7C7ZuDhmBSlAV\",\"url\":\"https://www.youtube.com/watch?v=tjHx8XpKMUo\",\"description\":\"USDM vs USDC video\",\"timestamp\":1777032792490},{\"id\":\"0zmiUM3SSCuEgVzz\",\"url\":\"https://www.coingecko.com/en/coins/usdm-2\",\"description\":\"USDM on CoinGecko\",\"timestamp\":1777032792490},{\"id\":\"KqMN1VkPtRJH8j4B\",\"description\":\"USDM | Medium\",\"timestamp\":1777050853673,\"url\":\"https://medium.com/@USDMOfficial/usdm-the-utxo-alternative-to-usdc-cardanos-path-to-stablecoin-growth-8a4aaa330a1d\"}]"},{"id":"website","value":"https://moneta.global/"},{"id":"twitter_profile","value":"https://x.com/USDMOfficial"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/usdm/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/usdm-2"},{"id":"medium_profile","value":"https://medium.com/@USDMOfficial"},{"id":"youtube_profile","value":"https://www.youtube.com/watch?v=tjHx8XpKMUo"},{"id":"discord_profile","value":"https://discord.gg/usdm"},{"id":"telegram_profile","value":"https://t.me/MehenUSDM"},{"id":"cardano","value":"https://cardanoscan.io/token/c48cbb3d5e57ed56e276bc45f99ab39abe94e6cd7ac39fb402da47ad0014df105553444d"},{"id":"contract_url","value":"https://cexplorer.io/asset/asset12ffdj8kk2w485sr7a5ekmjjdyecz8ps2cm5zed"},{"id":"commit-message","value":"\"Added USDM stablecoin overview and cryptocurrencies category\""}],"events":[{"id":"86d2ad14-de92-4c97-9dc7-a238d53c5e98","date":"2023-08","title":"USDM announced","type":"CREATED","description":"Early public announcement of USDM under Mehen Finance.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"0f20f9cc-444c-487e-9a35-6b2a3026eaee","date":"2024-07","title":"Rebrand to Moneta Digital","type":"DEFAULT","description":"Project brand changes from Mehen to Moneta Digital.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"0e253960-a63f-41a1-81d2-c278b5023ed3","date":"2024-07","title":"ChainRaise crowdfunding announced","type":"DEFAULT","description":"Moneta announces community crowdfunding via ChainRaise.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"f3ba34b9-fc5f-407f-af4a-dd24fc788324","date":"2024-09","title":"Retail Beta launches","type":"DEFAULT","description":"Retail Beta for mint/redemptions goes live for select U.S. states.","link":"https://usdmoneta.io/retail-beta-test-program/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"cdd8425e-d34d-4f36-9af1-49e55865d126","date":"2025-09","title":"USDM lite paper updated","type":"DEFAULT","description":"Latest USDM lite paper revision published by Moneta Digital.","link":"https://moneta.global/USDM%20Lite%20Paper.pdf","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"},"language":"en","version":1,"linkedWikis":{"blockchains":["cardano-ada"],"founders":[],"speakers":[]}}