HostUSDM vs JUPUSD — price, size and safety, side by side
USDM (Ethereum) vs JUPUSD (Solana) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-26 / 2026-09-27.
USDM vs JUPUSD — normalized performance, 2026-09-18T04:43:53 to 2026-09-26T21:07:21
| USDM | JUPUSD | |
|---|---|---|
| Price | $0.9968 | $0.9996 |
| Market cap | $6.50B | $43.99M |
| 24h volume | $7.97M | $17.97M |
| Liquidity | $20.11M | $19.72M |
| FDV | $6.50B | $43.99M |
| Holders | 175 | 12,380 |
| Age (days) | 1,021 | — |
| Safety grade | B | A |
Where they differ
- USDM measures ~148× the market cap of JUPUSD
- JUPUSD measures ~2.3× the 24h volume of USDM
- JUPUSD measures ~71× the holder count of USDM
What the data says
USDM
USDM is Mountain Protocol's yield-bearing dollar — a regulated, rebasing stablecoin that pays T-bill yield to holders by growing their balance rather than requiring a stake contract. The deployment 0xbbaec992fc2d637151daf40451f160bf85f3c8c1 is the Ethereum mint; our September 26, 2026 snapshot reads $20 million of tracked pool liquidity.
The honest mechanics: rebasing means balance and "value" move together — a wallet holding USDM sees the unit count tick up daily as yield accrues, which is elegant until accounting or a DeFi pool assumes a static balance. Regulated in Bermuda, permissioned to hold — both the feature set and the limitation come from the same compliance posture.
JUPUSD
JupUSD is Jupiter's own dollar — the stablecoin the Solana DEX aggregator issued (with Ethena's infrastructure behind it) to give its venue a native settlement asset rather than renting someone else's. The mint JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD is the Solana deployment; our September 26, 2026 snapshot reads $19.7 million of tracked pool liquidity and grades it A.
The honest framing: a venue-issued stablecoin's distribution is the venue — JupUSD's depth is guaranteed wherever Jupiter routes, and its incentive is adoption across the same pools this index measures. The risk shape is two-part: the Ethena-style reserve mechanics underneath plus Jupiter's operational role on top; neither is a fiat attestation, and an A grade here is a contract-state verdict, not a balance-sheet one.
FAQ
Which is bigger, USDM or JUPUSD?
By tracked market cap: USDM (Ethereum) measures $6.50B and JUPUSD (Solana) measures $43.99M — dated snapshots, not a live feed.
Which is safer, USDM or JUPUSD?
On the contract checks we publish: USDM (Ethereum) grades B and JUPUSD (Solana) grades A. A grade is a structural check on the contract, not a promise about the asset.
How have USDM and JUPUSD performed over the shared window?
Between 2026-09-18T04:43:53 and 2026-09-26T21:07:21, the measured snapshots show USDM at 0.00% and JUPUSD at −0.02%.
More comparisons
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The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-18T04:43:53→2026-09-26T21:07:21; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.