The current real-time price of USDM is $1.006. In the past 24 hours, USDM has traded between $1.004 and $1.01, showing strong market activity. The all-time high of USDM is $19.18, and the all-time low is $0.1813.
From a short-term perspective, the price change of USDM over the past 1 hour is , over the past 24 hours is 0.00%, and over the past 7 days is -0.40%. These figures provide a quick overview of the latest price trends and market dynamics of USDM on LBank.+0.81%
The live price of USDM today is $1.006, with a current market cap of --. The 24-hour trading volume is 74.95. The price of USDM to USD is updated in real time.
Before deciding whether to buy or sell USDM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s USDM technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for USDM.
How much will USDM be worth tomorrow, next week, or next month in ? What about your USDM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! USDM Price Prediction
To learn more about USDM, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x4b48...481298  | 1.393M | 38.61% |
binance-smart-chain | 0xe5b0...b7458c | 1.155M | 32.01% |
binance-smart-chain | 0x22d8...9f3e53 | 448.063K | 12.42% |
binance-smart-chain | 0xc7b8...adde4a | 367.466K | 10.18% |
binance-smart-chain | 0x4596...bb8dcf | 33,526 | 0.93% |
Other | 211.065K | 5.85% |
USD Mars, often referred to as Mars (USDM), is a digital currency designed as a stablecoin. Its primary objective is to bridge traditional finance with digital assets by maintaining a stable value pegged to the US dollar. It operates on a blockchain network to ensure transparent, immutable, and secure transactions.
The stability of USD Mars is achieved through a reserve mechanism. Every USDm token issued is collateralized by an equivalent amount of US dollars held in reserve. This mechanism aims to ensure that the value of Mars remains relatively stable, maintaining a 1:1 ratio with the US dollar.
USD Mars can be used for several purposes within the crypto ecosystem. These include taking advantage of arbitrage opportunities due to price fluctuations, generating income through staking or lending holdings, and facilitating fast and cost-effective cross-border payments thanks to its stable nature and blockchain operation.
Acquiring USD Mars (USDM) typically involves using decentralized exchanges. The process generally includes identifying platforms where USDM is traded, choosing a suitable decentralized exchange, obtaining a base cryptocurrency like Ethereum from a reputable trading platform that accepts fiat currency, transferring it to a compatible crypto wallet, and then connecting your wallet to the decentralized exchange to trade for USDM.
Deciding whether to acquire USD Mars depends on individual financial goals and risk tolerance. Like other cryptocurrencies, investments in USD Mars involve market volatility and inherent risks. It is advisable to thoroughly understand its characteristics and prevailing market conditions. Some analysis suggests that its market recognition is still developing, and it carries a degree of uncertainty.
As a digital currency with innovative technology and unique use cases, USD Mars is believed to possess broad market potential and room for development. However, some discussions, particularly concerning the "Mars Ecosystem" which shares the USDm ticker, have highlighted potential concerns regarding the stablecoin's design and its redemption functionality, indicating possible factors that could influence its stability.
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