The questions
we get most.

01.What is USDM?

USDM is a regulated, fiat-backed stablecoin issued by Moneta Digital with NBX as co-issuer. It exists as a Cardano-native asset (no bridges, no wrapped tokens) and is pegged 1:1 to the US dollar, backed by reserves held by Moneta. USDM is the asset the Coalition is built around.

02.Is USDM safe? Who backs it?

USDM is backed 1:1 by reserves held by Moneta Digital, a regulated entity. NBX, a publicly listed Norwegian exchange, is co-issuer. Reserve attestations and audit links are published on /transparency as they become available. As with any fiat-backed stablecoin, peg risk is low but non-zero — see /risks for the full risk picture.

03.Is USDM available in my country?

USDM availability depends on which path you take. NBX serves the EU and 150+ additional countries. Moneta's direct issuance covers a different set of jurisdictions, depending on KYC/KYB status. Check both NBX's and Moneta's terms of service for your specific country before signing up.

04.What's the difference between buying USDM on NBX and minting via Moneta?

Buying on NBX is the simplest path if you hold fiat (NOK, EUR, USD): wire money in, buy USDM at the prevailing rate, withdraw to your wallet. Minting via Moneta is the path if you already hold crypto stablecoins (USDC, USDT, PYUSD): deposit those into Moneta, request a mint, USDM is created and sent to your wallet. Both paths require KYC.

05.Do I need KYC?

Yes — for both paths. NBX runs standard KYC (ID, proof of address, sanctions screening). Moneta runs full KYC/KYB (identity, address, DOB, sanctions, risk questionnaires, plus business verification for organizations). Once KYC is complete, you can move USDM into self-custody, and from that point on, on-chain DeFi (Fluid lending) does not require additional KYC.

06.Can I lose money in the playbooks?

Yes — every playbook except 'Your First USDM' carries some risk. Stablecoin Yield is low risk (smart contract + utilization + variable APY). Borrow Without Selling and RWA Strategy carry liquidation risk if positions are sized too aggressively. Full risk-by-playbook disclosures live at /risks. The Coalition's playbooks describe strategies — they are not investment advice.

07.What's the difference between supplying and borrowing on Fluid?

Supplying means depositing USDM into a Fluid lending pool, where borrowers can draw from your supply against their collateral. You earn variable APY from the interest they pay. Borrowing means depositing your own collateral (ADA, fGLD, etc.) and borrowing USDM against it — useful for unlocking liquidity without selling. Suppliers earn yield; borrowers pay it. Stablecoin Yield is the supply playbook; Borrow Without Selling is the borrow playbook.

08.How do I get help?

For playbook content questions or coalition-related queries, email james.meidinger@w3i.global. For NBX account, USDM minting, or wallet/custody issues, contact the relevant provider directly — Coalition staff will never DM you asking for seed phrases or private keys.

09.How do I join the Coalition as a partner?

The full process is documented at /join — a 5-step funnel from expressing interest through deployment, co-marketing, and 30-day evaluation cycles. Capital partners and protocol participants both welcome.

Question we should add? Email james.meidinger@w3i.global.