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The USDM/USD Exchange Rate Launches on the API3 Market

Twitter icon  •  Published 11 months ago on February 24, 2025  •  Hassan Maishera

On Sunday, the API3 team announced via X that the USDM/USD Exchange Rate is now available on the API3 Market.

The USDM/USD Exchange Rate Launches on the API3 Market

On Sunday, the API3 team announced via X that the USDM/USD Exchange Rate is now available on the API3 Market. $USDM is a fully collateralized and permissionless yield-bearing stablecoin backed exclusively by short-term US Treasuries, designed by Mountain Protocol for institutional-grade transparency, regulatory compliance, and minimized counterparty risk.

Thanks to this latest integration, developers can start building with this new feed across 40+ blockchains. 

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $0.807, down 6% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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