USDM is backed 1:1 by USD bank deposits and money market funds, managed by Fidelity and Western Asset Management, ensuring stability and security for all users.

Moneta has built USDM, an essential tool for Cardano. USDM serves as a base asset for decentralized finance (DeFi) protocols and enables instant on-chain payments, accelerating the growth and adoption of the entire Cardano ecosystem.

Available in over 190 countries, USDM is working with a wide range of partners to offer Bitcoin holders unprecedented access to DeFi opportunities and privacy across the ecosystem.