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The first permissionless yield-bearing stablecoinInstitutional-grade. Regulated. Transparent. Transparent asset claim: A simple link between token and underlying assets, removing complex legal structures. Robust bankruptcy protection: USDM reserves are to be treated as a separate asset class in the event of bankruptcy. USDM is fully collateralized by "USDM Reserves", held in segregated, bankruptcy remote accounts. Reserves are composed exclusively by short-term US Treasuries.
