USDM1
USDM1 is a sovereign bond denominated in USD issued on-chain by the sovereign state of the Republic of the Marshall Islands, which operates under the USD standard. Each unit is issued at par value and fully collateralized by short-term US Treasury securities held in a segregated account at a US trust company, providing 1:1 full collateralization.USDM1 represents a direct sovereign debt obligation, issued under New York law, with an explicit waiver of sovereign immunity, thereby providing legal enforceability consistent with traditional sovereign debt instruments. Although it operates similarly to a stablecoin, supporting on-chain transfers, transparency, and settlement efficiency,USDM1 it is not a private enterprise stablecoin,CBDC wrapped asset, or synthetic USD representation.
Overview
USDM1 is a sovereign bond denominated in USD issued on-chain by the sovereign state of the Republic of the Marshall Islands, which operates under the USD standard. Each unit is issued at par value and fully collateralized by short-term US Treasury securities held in a segregated account at a US trust company, providing 1:1 full collateralization.USDM1 represents a direct sovereign debt obligation, issued under New York law, with an explicit waiver of sovereign immunity, thereby providing legal enforceability consistent with traditional sovereign debt instruments. Although it operates similarly to a stablecoin, supporting on-chain transfers, transparency, and settlement efficiency,USDM1 it is not a private enterprise stablecoin,CBDC wrapped asset, or synthetic USD representation.
- Sector
- # RWA
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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