- Cryptos 17 046
- Echanges 1 272
- Capitalisation $3 449 246 364 600
- Volume (24h) $122 993 764 946
- Dominance BTC 59.73% ETH 9.10%
USDM1 (usdm1) Graphique en Direct
| Rang | Nom | Prix | Évolution (24h) | Offre totale | En circulation | |
|---|---|---|---|---|---|---|
| 3024 |
USDM1
USDM1
USDM1
| $ 0.97 | 0.00% | 1 020 269 | 1 020 269 | X-Ray |
USDM1 (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.
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