Live · updated 23 minutes ago
Precious Metals USD Price chart
Key stats
Performance
How the price moved over each period.
Supply
89.24M PMUSD circulate. No maximum supply is set.
- Circulating
- 89.24M
- Total supply
- 89.24M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.05% of market cap. Thin trading; small orders can move the price.
$51.99M market cap, rank #331. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
46.1% below its all-time high of $1.08.
Largest recent swing: 9.15% a day. Volatile.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Precious Metals USD (PMUSD)?
Precious Metals USD, written pmUSD, is a dollar-pegged stablecoin issued through the RAAC protocol. RAAC describes it as backed by gold and as the first stablecoin in its RWf(x) suite, with real-time onchain proof of reserves. The token is an ERC-20 asset on Ethereum. The model is different from fiat-backed coins such as USDC: instead of dollars in a bank account, the collateral is tokenized commodities.
Gold and other commodities are first tokenized into ERC-20 tokens through its Instruxi tokenization engine. The audience RAAC names is asset issuers, DeFi protocols and DeFi users who want a dollar-denominated asset that is backed by real-world assets rather than fiat reserves.
How pmUSD works
RAAC turns gold and other commodities into ERC-20 tokens through a tokenization engine. Those tokens are then used as collateral in a collateralized debt position, or CDP, to mint pmUSD. In this design:
- A user deposits an approved tokenized commodity into a smart contract.
- The contract mints pmUSD against that collateral, up to a limit set by the protocol.
- The stablecoin is meant to trade near one US dollar, supported by the value of the collateral.
The RAAC website lists asset issuers, DeFi protocols and DeFi users as its target audience. It does not state eligibility rules for pmUSD or describe a redemption process in the pages reviewed, so confirm access terms with the issuer before relying on a one-to-one exit.
PMUSD supply and token design
pmUSD has no fixed cap. Supply is created when collateral is deposited and shrinks when positions are repaid, so it follows demand for minting rather than a preset schedule. The Ethereum contract is 0xc0c17dd08263c16f6b64e772fb9b723bf1344ddf, and anyone can inspect it on Etherscan. Collateral reserves and attestations are the key thing to monitor for any commodity-backed coin. Live circulating supply is shown in the market data on this page.
Official information is on raac.io.
What to check before using PMUSD
- Peg risk: market price can differ from one dollar, especially when liquidity is thin or the collateral is hard to value.
- Collateral risk: the backing is tokenized gold and commodities, so its value depends on the quality of the underlying assets and the issuer behind them.
- Redemption: no public redemption path was found, so holders may depend on market liquidity to exit.
- Smart contract risk: CDP systems can fail through bugs, oracle errors or forced liquidations.
- Check the contract address on the official site before buying, as lookalike tokens can use the same name.
Precious Metals USD project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0xc0c17d…344ddf
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Precious Metals USD market analysis
With a market capitalisation of $51.99 million, Precious Metals USD (PMUSD) is classed as a micro-cap asset and ranks #331 of 402 cryptocurrencies with a reported market cap on CryptoWave, larger than about 17.7% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $28.1 thousand of PMUSD changed hands, equal to 0.05% of its market cap, which puts its trading volume ahead of about 16.7% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 16% of tracked assets.
Price action: PMUSD moved +9.15% in 24 hours and −10.25% over 7 days. It outperformed Bitcoin by 10.83 percentage points over 24 hours but underperformed it by 6.00 points over 7 days. Against the median tracked coin (ahead by 10.71 points on the day and behind by 5.36 points on the week), it has been a relative strength in recent sessions.
To overtake Metal Blockchain (METAL) just above it, Precious Metals USD would need to grow its market cap by about 0.5%; it is 0.6% larger than Acurast (ACU) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Precious Metals USD FAQ
What is pmUSD?
pmUSD (Precious Metals USD) is a dollar-pegged stablecoin issued through the RAAC protocol and described by the project as backed by gold.
How is pmUSD minted?
Users deposit approved tokenized commodities, such as tokenized gold, as collateral in a CDP smart contract, which mints pmUSD against it.
What blockchain is pmUSD on?
pmUSD is an ERC-20 token on Ethereum.
Is pmUSD a good investment?
pmUSD is meant to track the US dollar rather than grow, and it carries peg, collateral and smart contract risk. This is not financial advice, so weigh the risks listed above.
Price history
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