Mountain Protocol USD

USDMUSD pegStablecoin

RWA-backed stableRWA collateral

UnverifiedPart of Mountain Protocol

Regulated daily-rebase T-bill dollar; winding down post Anchorage acquisition (collapsed from a ~$150M peak).

Latest peg

$0.9993

Deviation

7 bps

Market cap

$1.4M

Peg health

Tight peg

Historical peg variance

Tight peg

80-day series · source: CoinGecko

On-chain

Alchemy · live

Live circulating supply45.3KUSDM

Decimals18

Arbitrum contract0x59d9…508c

Last refreshed1s ago

Supply trend · ~30d

Recent transfers

When	From	To	Amount
4d ago	0x4bd1…58b4	0xd4f9…a88e	0.0000
4d ago	0x4bd1…58b4	0x6689…e42c	23
8d ago	0x8eb3…422b	0xa5f4…7f58	0.0000
9d ago	0x023f…1fc7	0x888c…c79e	0.0000
9d ago	0x8eb3…422b	0xa5f4…7f58	0.0000
16d ago	0x023f…1fc7	0x888c…c79e	0.0000
18d ago	0x1231…4eae	0xa7b9…525d	0.0000
18d ago	0xc10e…0fb4	0x4bd1…58b4	7

Metadata

Peg targetUSD

Sub-categoryStablecoin

IssuerView network

Chains—

Arbitrum nativeNo

LiveNo

Founded—

Links

Website CoinGecko Contract (Arbiscan)

Off-chain facts

LifecycleCurated
Mountain Protocol was acquired by Anchorage Digital in April 2025; USDM is winding down, with supply collapsed from a ~$150M peak.
Mountain Protocol

Market

CoinGecko · live

Price$0.999725

Market cap$1.4M

Rank#2700

24h volume$10.4K

Circulating1.4M

Total supply1.4M

24h change-0.0%

ATH / ATL$1.47 / $0.5425