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About USDM1
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.
Trading Insights
Market Stats
Market Cap
£3.33K
FDV
£3.33K
Circ. Supply
4.4K USDM1
Max Supply
Not enough data
Total Supply
4.4K USDM1
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
Not enough data
Price Change (1Y)
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The current price is £0.7543 per USDM1 with a 24-hour trading volume of £0.00.
The current circulating supply of USDM1 is 4,420.517 USDM1 which means that USDM1 has as total market cap of £3,334.42.
Market details
USDM1 vs markets
Not enough data
USDM1 vs BTC
Not enough data
USDM1 vs ETH
Not enough data
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Solana | BNgsQdjfWmjoy3cw8T3VXWswHfgCzEMyQzUno8gmzmRC | |
Stellar | CAC743NYRBMS76L2DCPAXZTOEF6EJPKPVEC5OX2SXY7HOWNXISSLUE2C | |
Ethereum | 0x90a1717E0dABE37693f79aFe43AE236dc3b65957 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.7543 | |
1 Day | £0.7543 | |
1 Week | £0.7566 | |
1 Month | £0.7657 | |
1 Year | £0.00 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
USDM1 calculator
Related assets
Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.