# Denomination: USDM World Markets on MegaETH is denominated in USDM, the MegaETH native stablecoin. Users can hold any spot-listed asset as collateral. Perps are settled in USDM and liquidation unwinds positions for USDM. USDM is a very low liquidity stablecoin. Burning and minting USDM is only available to KYBed institutions, therefore, there is friction in supply adapting to market demand. It may be subject to market manipulation from bad actors, and/or natural spikes due to the thin liquidity. World does not have any influence over the issuance or price of USDM. USDM is owned entirely and independently by the MegaETH team in partnership with Ethena. More info: 1. 2. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.world.inc/venue/denomination-usdm.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.