# Mountain Protocol USD (USDM)

> The USDM token is a rebasing ERC20 token, redeemable at a pegged 1:1 USD value by primary users. USDM is a fully backed stablecoin, backed by "USDM Reserves", which are held under custody with regulated financial institutions in bankruptcy-remote accounts, segregated from the Company's operating accounts, on behalf of, and for the benefit of, Users.
USDM rebases daily, allowing users to receive rewards. These rewards are generated by the interest paid by the US Treasuries held in the USDM Reserves.

## Price Data

- **Current Price**: $1.00
- **Market Cap**: $966.24K
- **Fully Diluted Valuation**: $1.41M
- **Circulating Supply**: 963,330.492 USDM
- **Total Supply**: 1.40M USDM

## Price Changes

- **24h**: +0.00%
- **30d**: +0.00%
- **90d**: +0.00%
- **365d**: +0.00%

## Chain Availability

Available on: arbitrum, avalanche, base, celo, ethereum, optimism, polygon, zksync-era

## Resources

- [Website](https://mountainprotocol.com/)
- [Coingecko](https://www.coingecko.com/en/coins/mountain-protocol-usdm)
- [Dex.guru](https://dex.guru/token/avalanche/0x59d9356e565ab3a36dd77763fc0d87feaf85508c)
- [Dex.guru](https://dex.guru/token/eth/0x59d9356e565ab3a36dd77763fc0d87feaf85508c)
- [Dex.guru](https://dex.guru/token/polygon/0x59d9356e565ab3a36dd77763fc0d87feaf85508c)
- [Dex.guru](https://dex.guru/token/optimism/0x59d9356e565ab3a36dd77763fc0d87feaf85508c)
- [Dex.guru](https://dex.guru/token/arbitrum/0x59d9356e565ab3a36dd77763fc0d87feaf85508c)

## Links

- [View on Zerion](https://app.zerion.io/tokens/USDM-411cd83b-1e9f-4c99-a9ae-745d82804a59)
- [Trade on Zerion](https://app.zerion.io/tokens/USDM-411cd83b-1e9f-4c99-a9ae-745d82804a59)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset