USDM1 (USDM1)$1.01
0.02% (24H)
Low $1.01
High $1.01
- Market Cap $1.03 M
- Volume $40
- Available Supply 1.02 M USDM1
- ATH $1.04
- ATH(% Change) -2.70%
Loading Data
Please wait, we are loading chart data
| Date | Price | Volume | MarketCap |
|---|
USDM1 current price is $1.01 with a marketcap of $1.03 M. Its price is 0.02% up in last 24 hours.
USDM1 is a USD-denominated, sovereign bond issued onchain by the Republic of the Marshall Islands, a sovereign nation operating on the U.S. dollar standard. Each unit is issued at par and fully collateralized 1:1 by short-dated U.S. Treasuries held on a segregated basis with a U.S. trust company. USDM1 represents a direct sovereign obligation, issued under New York law with explicit waivers of sovereign immunity, providing legal enforceability consistent with traditional sovereign debt instruments. While it functions operationally similar to a stablecoin, supporting on-chain transfer, transparency, and settlement efficiency, USDM1 is not a private corporate stablecoin, CBDC, wrapped asset, or synthetic dollar representation.
