Monetrix USD (USDM) stablecoin analytics
USDM is Monetrix's USDC-backed dollar token on HyperEVM; sUSDM staking adds yield through a separate wrapper.
Static Profile
Static stablecoin profile
Monetrix USD (USDM) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jul 8, 2026
Monetrix USDM is the base dollar token in a small HyperEVM yield stack: USDC backs liquid USDM, while sUSDM is the separate staking wrapper where the strategy exposure lives. That split matters because Pharos can admit USDM through DefiLlama supply plus CoinGecko pricing, but...
AI summary · drafted by gpt-5-codex · reviewed by Codex issue #454 review on Jul 8, 2026 · facts as of Jul 8, 2026
- Collateral
- USDC at mint, then deployed into Monetrix's on-chain Hyperliquid delta-neutral portfolio including spot assets, matching short perpetual positions, portfolio-margin slots, and vault or redeem-escrow USDC. Liquid USDM is the base dollar receipt; strategy yield accrues only via the separate sUSDM wrapper.
- Peg Mechanism
- USDM targets 1:1 USDC convertibility through Monetrix mint/redeem flows while backing is deployed into a delta-neutral Hyperliquid portfolio. The sUSDM staking wrapper accrues strategy yield separately and is not admitted as an active Pharos stablecoin until a maintained price and market-cap runtime source exists.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Self-Reported PoR by Monetrix transparency dashboard Reserve source
- Contracts
- 1 deployment tracked across HyperEVM.
Snippet Answer
Is USDM safe?
Pharos does not mark USDM as absolutely safe. Static metadata says Monetrix USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Self-Reported PoR from Monetrix transparency dashboard; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdm-monetrix
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jul 8, 2026.
USDM quick answers
What is Monetrix USD (USDM)?
USDM is Monetrix's USDC-backed dollar token on HyperEVM; sUSDM staking adds yield through a separate wrapper. The static profile records its US Dollar peg mechanism as: USDM targets 1:1 USDC convertibility through Monetrix mint/redeem flows while backing is deployed into a delta-neutral Hyperliquid portfolio. The sUSDM staking wrapper accrues strategy yield separately and is not admitted as an active...
Is USDM safe?
Pharos does not mark USDM as absolutely safe. Static metadata says Monetrix USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Self-Reported PoR from Monetrix transparency dashboard; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDM?
Pharos classifies USDM backing as Crypto-Collateralized. Collateral, per the static profile: USDC at mint, then deployed into Monetrix's on-chain Hyperliquid delta-neutral portfolio including spot assets, matching short perpetual positions, portfolio-margin slots, and vault or redeem-escrow USDC. Liquid USDM is the base dollar... Reserve evidence: Self-Reported PoR from Monetrix transparency dashboard.
Can USDM be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for USDM, when applicable, appear in the dossier below.