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M. Cap: $3.25 T 3.73%24h Vol: $377.95 B 23.09%BTC: $97,668.01 4.59%ETH: $3,312.93 6.26%S&P 500: $5,916.19 0.00%Gold: $2,665.58 1.30%BTC Dominance: 59.48%
  • #7441

USD Mars USDM

USDM Price

$0.99030.64%
Price Range--
--

Market Cap 

--Rank #7441

FDV 

$0.00Rank #13100

Investors

X Followers

X Performance

258WeakRank by X #6395
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Activities

Detailed Performance

SentimentBearish

USDM shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods

Trading Pair1h24h7d1m3m1y
USDM/USD
0.20%0.61%-0.70%-21.24%-5.59%-0.07%
USDM/BTC
0.28%-3.78%-7.48%-45.17%-42.57%-62.04%
USDM/ETH
-4.22%-5.29%-3.69%-35.46%-25.87%-39.01%
USDM/DeFi
-3.54%-1.52%-7.57%-33.48%-32.61%-27.27%
USDM/Algorithmic Stablecoins
-3.00%-3.21%-4.63%-24.11%-9.98%2.04%

USDM to USD Converter

USDM

Price History

All-Time High
$19.03
19.22x to ATH
All-Time Low
$0.009831
100.73x to ATL
Trade Launch Date
6 Dec, 2021
1081 days ago

About USDM

USD Mars (USDM) is a stablecoin within the Mars Ecosystem. It is a price stable and decentralized digital currency that is designed to maintain a stable value against the US dollar. USDM is over-backed, meaning its redeemability is backed by the Mars Ecosystem Governance Token (XMS). The market cap of XMS is always higher than the market cap of USDM, ensuring that the stablecoin can be redeemed at a 1:1 ratio at any time. USDM is designed to be an ideal medium of exchange and store of value for decentralized finance (DeFi) applications.

What makes USD Mars unique?

Mars Stablecoin (USDM) stands out from other cryptocurrencies due to its unique features. Firstly, it is a price stablecoin, meaning its value is designed to be stable and not subject to the high volatility often seen in other cryptocurrencies. This stability makes USDM a reliable medium of exchange and store of value within the decentralized finance (DeFi) ecosystem.
Another key aspect that sets USDM apart is its capital efficiency. The redeemability of USDM is backed by the Mars Ecosystem Governance Token (XMS), ensuring that the stablecoin can always be redeemed at a 1:1 ratio. This over-backing mechanism provides a strong guarantee for the stability of USDM.
Scalability is also a distinguishing feature of USDM. The Mars Ecosystem integrates the creation and use of the stablecoin into a decentralized ecosystem, allowing for efficient and seamless transactions between USDM and other tokens within the DeFi space. This integration creates a positive feedback loop and generates a flywheel effect, enhancing the scalability of USDM.
Additionally, USDM's unique value proposition lies in its alignment with the Mars DeFi platform. The transaction fees generated at Mars Swap, a liquidity provider, are utilized to back the stability of Mars Stablecoin. This ensures that the stability of USDM is actively maintained in a self-sustaining manner.
Lastly, the Mars Ecosystem is an open and decentralized protocol that encourages collaboration and development. The Mars Treasury provides funding to projects that contribute to the adoption of Mars Stablecoin, fostering innovation and growth within the ecosystem.
Overall, the combination of price stability, capital efficiency, scalability, and integration with the Mars DeFi platform make USD Mars distinct and advantageous compared to other cryptocurrencies.

Live USD Mars Price Data

The current price of USD Mars (USDM) is approximately $0.9903, reflecting a increase of 0.64% in the last 24 hours. The USDM trading volume in the last 24 hours stands at $404.84.

For a comprehensive list of exchanges, visit our crypto exchanges page. To understand USD Mars's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on USDM, check out our crypto insights page.

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