HostUSDM vs RLUSD — price, size and safety, side by side
USDM (Ethereum) vs RLUSD (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-17 / 2026-10-17.
USDM vs RLUSD — normalized performance, 2026-09-21 to 2026-10-17T03:15:24
| USDM | RLUSD | |
|---|---|---|
| Price | $0.9928 | $0.9995 |
| Market cap | $6.50B | $2.47B |
| 24h volume | $7.97M DEX | $10.01M DEX |
| Liquidity | $57.34M | $38.09M |
| FDV | $6.50B | $1.30B |
| Holders | 175 | 12,684 |
| Age (days) | 1,021 | 70 |
| Safety grade | B | B |
Where they differ
- USDM measures ~2.6× the market cap of RLUSD
- USDM measures ~1.5× the liquidity of RLUSD
- RLUSD measures ~72× 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 October 6, 2026 snapshot reads $57 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.
RLUSD
RLUSD is Ripple's dollar — the stablecoin Ripple built on its institutional distribution, aimed at the same regulated-treasury ground as USDC and PYUSD but arriving with an exchange network behind it. The deployment 0x8292bb45bf1ee4d140127049757c2e0ff06317ed is the Ethereum mint; our October 9, 2026 snapshot reads $38.1 million of tracked pool liquidity.
The honest shape: RLUSD's reserve is the standard fiat-backed structure — cash and equivalents with attestations — so its risk profile is issuer-shaped (Ripple's solvency, NYDFS oversight, redemption terms) rather than exotic. What distinguishes it is distribution: Ripple's existing payment rails give it corridor utility most new stablecoins lack, though on pure DeFi depth it still trails the majors by an order of magnitude.
FAQ
Which is bigger, USDM or RLUSD?
By tracked market cap: USDM (Ethereum) measures $6.50B and RLUSD (Ethereum) measures $2.47B — dated snapshots, not a live feed.
Which is safer, USDM or RLUSD?
On the contract checks we publish: USDM (Ethereum) grades B and RLUSD (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDM and RLUSD performed over the shared window?
Between 2026-09-21 and 2026-10-17T03:15:24, the measured snapshots show USDM at −0.40% and RLUSD at +0.34%.
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, 2026-09-21→2026-10-17T03:15:24; 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 HostDeFi product.