Profile
USDM profile facts
Moneta (USDM) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Other coins using the USDM ticker
- MegaUSD (USDM) · Active · US Dollar. MegaETH's dollar stablecoin discloses USDC and USDtb backing through a dated transparency API.
- Mento Dollar (USDm) · Active · US Dollar. USDm is Mento's oracle-priced dollar stablecoin on Celo and Monad (formerly cUSD).
- Monetrix USD (USDM) · Active · US Dollar. USDM is Monetrix's USDC-backed dollar token on HyperEVM.
- Collateral
- Separate USD reserve books: Moneta bank deposits and money market funds managed by Fidelity and Western Asset Management; NBX deposits at Sparebanken Norge and Amundi USD money market funds. Neither issuer's reserve backs the other's issuance.
- Peg mechanism
- Par USD redemption against the responsible issuer, subject to KYC and issuer-attribution checks. Moneta's current bank-wire rail is limited to KYB-approved institutions; its FAQ states a default $10,000 daily mint/burn limit and a 0.1% burning fee with a $50 minimum and $5,000 cap, including Cardano network fees but excluding possible bank fees. NBX redeems its own attributable issuance from its separate reserve; Moneta-attributable USDM presented to NBX is redeemable only from settled Moneta funds already received. Mixed or unresolved attribution can delay processing. An independent reserve-verification oracle gates minting on Cardano; the latest NBX whitepaper does not name the current provider.
- Jurisdiction
- United States / Norway / FinCEN / Finanstilsynet / FinCEN MSB #31000327040139 / E-money institution; MiCA EMT authorization pending
- Proof of reserves
- Real-Time PoR by Charli3 daily reserve verification feed (attribution confirmed via docs, but the portal.charli3.io endpoint rejects non-browser TLS handshakes on repeated checks and the only archive capture is a 2024 unrendered shell - statically unverifiable) Reserve source
- Contracts
- 1 deployment tracked across Cardano.
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 Moneta (USDM)?
USDM is a Cardano dollar token issued independently by Moneta and NBX, with separate reserve books and issuer-attributed redemption obligations. The static profile records its US Dollar peg mechanism as: Par USD redemption against the responsible issuer, subject to KYC and issuer-attribution checks.
Is USDM safe?
As of Oct 24, 2026, Pharos grades USDM F (38/100) on its Safety Score. Pharos's reviews record that freeze exposure is inherited through upstream collateral, custody or wrappers, and direct redemption is limited to whitelisted primary-market participants. That is a low-band grade, which flags significant structural risk. 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 Jul 14, 2026 as 80% Institutional money market funds and short-duration Treasury exposure and 20% USD bank deposits at insured and regulated banks. Reserve evidence: Real-Time PoR. Pharos classifies the backing as Real-World Asset Backed.
Can USDM be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
How do you redeem USDM?
Under the route Pharos reviewed on Oct 11, 2026, whitelisted primary-market participants can redeem USDM for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. 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.
