# Moneta

> Track Moneta with daily standardized on-chain data. Compare Moneta with other stablecoin issuers. See charts, financial statements and datasets in one place.

Source: [Moneta on Token Terminal](https://tokenterminal.com/explorer/projects/moneta). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Stablecoin issuers
- Chains: cardano

## About

### What it is

Moneta is the issuer of USDM, a fiat-backed U.S. Dollar stablecoin native to Cardano. USDM is fully backed by USD reserves and is the largest Cardano-native stablecoin by market capitalization.

### Who uses it

Moneta (formerly Mehen Finance) is a Cardano-native stablecoin issuer.

### How it works

Moneta issues fiat-backed stablecoins on Cardano, maintaining 1:1 USD reserves with on-chain proof of reserves.

## Metrics

Token Terminal tracks these metrics for Moneta daily. Each page has a chart with the full history.

- [Outstanding supply](https://tokenterminal.com/explorer/projects/moneta/metrics/outstanding-supply)

## Links

- [website](https://moneta.global/)
- [twitter](https://twitter.com/USDMOfficial)