USDM - Cardano's Premiere Fiat-backed Stablecoin

Available now for trading ADA/USDM

USDM EU Issuer Whitepaper

Q1 2025: Mint and Redeem USDM

Backed 1:1 by USDM Reserve

USD bank deposit and US money market funds managed by Fidelity and Western Asset Management. Will have seperate EU bank deposits for USDM issued in EU.

The NBX credit card has a built-in chip and PIN code.

Daily reserve report

USDM reserve value reported daily on the Cardano blockchain by independent oracle, Charli3.

The NBX credit card is available for customers in Scandinavia.

Available worldwide

Available across a growing number of decentralized and centralized exchanges worldwide for the Cardano Ecosystem.

Manage your NBX credit card in the NBX app.

Compliance

With NBX as a co-issuer USDM will be compliant with the EU MiCA regulation. NBX has an e-money lisence through The Financial Supervisory Authority (Finanstilsynet)

The credit card is made by NBX in cooperation with reliable financial service providers in the Nordics.

Transparency

Every USDM transaction is fully transparent on the blockchain, ensuring trust and reliability in every exchange.

Efficient Transactions

Built on the Cardano Blockchain as a Native Token USDM enjoys benefits such as low fees and scalability features on a blockchain renowed for its scientific rigor and focus on security.

Support

FAQ

What you need to know about USDM

What trading pairs is available for USDM currently?

USDM is offered as an USDM/ADA trading pair. If you as a customer see a need for other trading pairs please send our support team feedback on this.

Can I mint and redeem USDM through NBX in the EU?

Minting and Redemption of USDM through NBX as a co-issuer of USDM in the EU will be available in Q1 2025.

Are there going to be any fees on redeeming USDM through NBX?

The redemption of a fiat backed stablecoin in the EU under MiCA requires that there is no fees to the redemption process. NBX will therefore not have any cost to the actual redemption of USDM on the NBX platform.

What is the environmental impact of USDM in terms of energy used?

As a Cardano Native Token USDM is a highly energy efficient stablecoin for transactions using an estimated 168 kWH per 1 million transactions.

Where can I learn more about Moneta the main issuer and rights holder of USDM?

Information on Moneta can be found through their webpage.

Where can I verify the reserve of USD for USDM minted?

Charli3 is a third party oracle that verifies the amount of USD in the USDM reserve daily that is viewable on this page.

Do you have more questions?

Can't find the answer you're looking for? Get in touch with our Customer Success team.