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.
#2979 USDM1
USDM1Last price update: 13 October
$ 1.018
Market Cap
$ 1.0 mln.
#3230
FDV valuation
≈ $ 1.0 mln.
FDV ≈ price × issued supply. Future issuance is not included.
Issued supply: 1 020 269 tokens.
FDV / market cap: 1.00×.
Quote: 2026-10-13 07:30:55 UTC.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Issued supply: 1 020 269 tokens.
FDV / market cap: 1.00×.
Quote: 2026-10-13 07:30:55 UTC.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Volume · 24h
$ 50.9
Market share
<0.01%
Circulating USDM1
—
Issued supply
1 020 269
Price: low and high
24 hrs
No data
30 days
Partial data
Low $ 1.01
High $ 1.02
1 year
Partial data
Low $ 0.792
High $ 1.04
All time
No data
How the range is calculated
24h uses saved quotes from the last 24 hours. The 30-day and one-year views use daily lows and highs for UTC calendar days, including today. Gaps are not filled; prices may have differed between samples. The dot marks the current price, not a buy signal.
All time uses CoinGecko’s USD ATL and ATH. Other currencies use the current exchange rate; these are not historical records in the selected currency.
USDM1 Sectors:
USDM1 belongs to the sectors:
Exchanges where USDM1 is traded
Calculator USDM1
1 USDM1 = 1.02 USD
What is USDM1?
Official websites and links for USDM1
There are currently about 3 official links to USDM1 websites and social media:
- Website - usdm1.com
- Twitter - twitter.com/USDM1
- Facebook - facebook.com