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The Waterline Dispatches The Almanac The Reading The Current Chains Protocols Stablecoins

MoreThe Log Signals Narrative Perps DEXes Your fleet Learn Methodology What this is

← the cash layer

USDMMegaUSD

$227.78Mcirculating

USDM claims a USD peg.

Circulating

$227.78M

Price

·

Peg

USD

Mechanism

crypto-backed

Read deeper

What a stablecoin is Depeg Collateral Peg Stress

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Read where liquidity is moving.

Built on open data. Liquidity, fees and supply figures via the open DeFiLlama API; Ethereum block height via a public RPC. Readings are information, not advice.

ReadThe Waterline Dispatches The Almanac The Reading The Current The Log Signals Chains Protocols DEXes Stablecoins Narrative Your fleet

UnderstandLearn Methodology What this is

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