Wrapped USDMPrice(WUSDM)
Details Wrapped USDM (WUSDM) Price information (USD)
The current real-time price of WUSDM is $1.085. In the past 24 hours, WUSDM has traded between $1.085 and $1.085, showing strong market activity. The all-time high of WUSDM is $1.52, and the all-time low is $0.9296.
From a short-term perspective, the price change of WUSDM over the past 1 hour is
Wrapped USDM (WUSDM) Market Information
Wrapped USDM (WUSDM) Today's Price
The live price of WUSDM today is $1.085, with a current market cap of $1.251M. The 24-hour trading volume is 2.96. The price of WUSDM to USD is updated in real time.
Wrapped USDM (WUSDM) Price History (USD)
What is WRAPPED USDM (WUSDM)?
When is the right time to buy WUSDM? Should I buy or sell WUSDM now?
Before deciding whether to buy or sell WUSDM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WUSDM technical analysis can provide you with trading references.
Future price trend of WUSDM
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WUSDM.
How much will WUSDM be worth tomorrow, next week, or next month in ? What about your WUSDM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WUSDM Price Prediction
How to buy WRAPPED USDM (WUSDM)
Convert WUSDM to local currency
WUSDM Resources
To learn more about WUSDM, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x3b95...9715e5  | 581.157K | 53.47% |
ethereum | 0x0000...e08a90 | 469.836K | 43.23% |
optimistic-ethereum | 0x966a...e3e00d | 116.429K | 10.71% |
optimistic-ethereum | 0xa6ff...3858b6 | 104.300K | 9.6% |
optimistic-ethereum | 0x995e...62b214 | 73,093 | 6.73% |
Other | -257,988 | -23.74% |
Hot Events
WRAPPED USDM (WUSDM) FAQ
What is the primary difference between USDM and wUSDM?
USDM is a rebasing token where your wallet balance increases daily as yield is earned. In contrast, wUSDM is the non-rebasing, or wrapped, version. With wUSDM, your token quantity remains constant in your wallet, but the value of each token increases relative to USDM as interest accrues. This mechanism is designed for better integration with various decentralized applications and ecosystem protocols.
Why is wUSDM preferred over USDM for decentralized finance activities?
Standard rebasing tokens can be difficult to integrate with certain decentralized exchanges and lending platforms. wUSDM was developed to solve this compatibility issue. By using a non-rebasing structure, wUSDM ensures that accumulated yield is preserved when the asset is used as collateral or provided as liquidity in various DeFi protocols, making it more versatile for active users.
How is the yield for wUSDM generated and what is the role of institutional backing?
The yield for wUSDM is generated from underlying reserves primarily invested in short-term U.S. Treasury bills. Mountain Protocol, the issuer, utilizes institutional-grade assets such as BlackRock’s BUIDL Fund—a tokenized treasury fund—as a primary reserve asset. This connection provides a high level of security, transparency, and institutional-grade backing for the interest passed on to holders.
Can wUSDM be used as collateral in the ecosystem?
Yes, utilizing wUSDM as collateral is one of its most significant use cases. It is supported by various lending and borrowing platforms, allowing users to leverage their positions or borrow other assets while continuing to benefit from the underlying yield. This makes it a highly efficient tool for those looking to maximize the utility of their digital assets.
What regulatory standards and security measures apply to wUSDM?
Mountain Protocol is a Class F licensed entity regulated by the Bermuda Monetary Authority. This regulatory framework mandates strict reserve management and regular external audits. While the protocol offers institutional-grade transparency, users should remain aware of standard risks, including smart contract vulnerabilities, potential fluctuations in the value of underlying Treasuries, and changes in the global regulatory landscape for stablecoins.
Why does the balance of wUSDM in a wallet stay the same despite earned yield?
This is a common point of confusion for those new to wrapped assets. As a non-rebasing token, the quantity of wUSDM tokens in your wallet does not increase over time. Instead, the yield is reflected in the token's exchange rate. When you eventually choose to unwrap wUSDM back into USDM, you will receive more USDM than you initially started with, accounting for the interest earned during the holding period.
