Description
USDM is Moneta’s Cardano-native fiat-backed stablecoin. Verified users can deposit USD, mint USDM 1:1 on Cardano, and use it for trading, lending, liquidity provision, payments, treasury management, and institutional settlement across integrated Cardano protocols. The site states that reserves are verified on-chain daily and that US and EU coverage is provided through FinCEN registration and MiCA compliance via NBX.