USDM

MegaUSD

USDM
Crypto-backed USD-pegged Rank #34

Price

Market Cap

$226.38M

Market Cap

$226.38M

Dominance

0.07%

of market

Price

% Off Peg

24h Supply

-4.90%

7d Supply

-4.15%

30d Supply

-60.26%

Networks

2

chains

Circulating Supply

Total USDM across all chains

$578.07M
$6.10M
Jan 28, 2026
Jun 2, 2026

Chain Distribution

Current supply by network

MegaETH
$226.36M 100.0%
Ethereum
$12.7K 0.0%

About MegaUSD

MegaETH's native stablecoin.

Mint & redeem

USDm is issued through Ethena's stablecoin stack, with mint/redeem facilitated on Ethereum mainnet via USDC then bridged to MegaETH.

Data via DefiLlama & CoinGecko. Figures update periodically and may differ slightly from other trackers. Not investment advice.