Profile
USDM profile facts
MegaUSD (USDM) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
Other coins using the USDM ticker
- Mento Dollar (USDm) · Active · US Dollar. USDm is Mento's oracle-priced dollar stablecoin on Celo and Monad (formerly cUSD).
- Moneta (USDM) · Active · US Dollar. USDM is a Cardano dollar token issued independently by Moneta and NBX.
- Monetrix USD (USDM) · Active · US Dollar. USDM is Monetrix's USDC-backed dollar token on HyperEVM.
- Collateral
- USDC and USDtb in dynamically disclosed proportions, remeasured by the live reserve adapter; USDtb's underlying BUIDL exposure is upstream backing rather than a separate direct MegaUSD holding.
- Peg mechanism
- Launched on Ethena's USDtb rails; current backing allocation is published by the issuer, and reserve yield funds MegaETH sequencer costs
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDM quick answers
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What is MegaUSD (USDM)?
MegaETH's dollar stablecoin discloses USDC and USDtb backing through a dated transparency API; reserve yield funds sequencer costs. The static profile records its US Dollar peg mechanism as: Launched on Ethena's USDtb rails; current backing allocation is published by the issuer, and reserve yield funds MegaETH sequencer costs.
Is USDM safe?
As of Oct 25, 2026, Pharos grades USDM C- (53/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDM?
Pharos records USDM's reserves as of Oct 7, 2026 as 99.9% USDC cash-equivalent reserves and 0.1% USDtb cash-equivalent reserves. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Real-World Asset Backed.
Can USDM be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem USDM?
Under the route Pharos reviewed on Oct 20, 2026, whitelisted primary-market participants can redeem USDM for USDC. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
