USDM1

USDM1

USDM1 #2824
Stablecoin Watch

Project Safety Score: 46%

Updated 2 hours, 5 minutes ago
USDM1USDM1
Market Cap$1034202
24hr Volume$1
24hr Change0.0%
Price$1.0136559407489574
Coverage: 1 bucket · 100% resolved
Scoring rubric: Stablecoin - scored on peg stability (placeholder)
Peg Stability
46 CC
100% · medium

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USDM1 USDM1 Details
StablecoinsTokenized AssetsSolana EcosystemEthereum EcosystemReal World Assets (RWA)Tokenized Treasury Bills (T-Bills)Stellar EcosystemUS Treasury-backed Stablecoin

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.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Price Chart

Contract Security

ethereum · 0x90a1717e0dabe37693f79afe43ae236dc3b65957
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
23
Top 10 Hold
100.0%
Top 50: 100.0%
Top Holders
  • 0x6f161ad0e297ecb9d… 99.33%
  • 0xcbd3835dc09052cc0… 0.18%
  • 0xeec9bf745886f4133… 0.18%
  • 0x4c0001c6a45e53593… 0.13%
  • 0xfd300a0e9b67c8861… 0.06%
  • 0xa6dfbebf6f3ae1c7c… 0.06%
  • 0x827794f23d9187e94… 0.05%
  • 0xf6d9f67a984e3c92c… 0.01%
  • 0xd60b5f0874950b5bb… 0.01%
  • 0x55f2d12de6ccaab71… 0.00%
Source: ethplorer

View on Chain

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71%
Profile Status
Data completeness
Some data missing
Medium confidence

Market Stats

All-Time High$1.04
All-Time Low$0.7924
Circulating1020269
Total Supply1020269

Recent News

Marshall Islands UBI Bond Draws Crypto Backers Despite IMF Warning

general 1 source 3 weeks, 4 days ago

Surus Serves as U.S. Trustee, Custodian and Collateral Agent for Marshall Islands' USDM1, World's First On-Chain Sovereign Bond

general 1 source 1 month, 2 weeks ago

Marshall Islands debuts on-chain UBI with USDM1 bond backed by U.S. Treasuries

general 1 source 5 months, 3 weeks ago

Revolutionary: Marshall Islands Pioneers World’s First UBI Using Stellar-Based Digital Bond | Blockchain digital finance

general 2 sources 5 months, 3 weeks ago