Metal Dollar
XMD Rank #3193Price chart
What is Metal Dollar?
Overview
Metal Dollar addresses demand for reliable stablecoins by combining multiple reserve-backed assets rather than relying on single issuers or algorithmic mechanisms. XMD facilitates transactions and serves as a medium of exchange on decentralized platforms. The project is governed through the Metal DAO (XMT) token, enabling holders to participate in protocol decisions.
How it works
Metal Dollar operates on the Proton Blockchain, which provides fast transaction confirmation, high throughput, and low fees. Users mint XMD by bridging supported stablecoins onto the Proton network. The token can be used for transactions on decentralized exchanges and other applications built on the platform.
Peg and backing
XMD maintains its peg to a basket of established stablecoins—USDC, USDT, and PAX—each of which is bank reserve-backed. This multi-asset backing structure reduces counterparty risk compared to single-issuer stablecoins and eliminates reliance on algorithmic stabilization mechanisms. Total supply is approximately 837 thousand XMD with no maximum supply cap.
Where to trade XMD
1 exchanges · top 10
Live spot quotes from connected exchanges
XMD funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.