Why Metal Dollar (XMD)?
Amari settles in Metal Dollar rather than a single stablecoin. Here is what XMD is, how its reserve basket works, and why that matters for collectors.
A reserve-backed stablecoin index
Metal Dollar (XMD) is not just another stablecoin — it is an index backed by a basket of established stablecoins such as USDC, PYUSD, and USDP. A smart contract holds those reserves and mints XMD against them, so every XMD is fully backed and redeemable one-to-one.
Diversification reduces single-issuer risk
Holding one stablecoin means taking on the risk of a single issuer. XMD spreads its reserves across multiple assets and dynamically adjusts the mix to maintain stability, which reduces exposure if any one stablecoin wobbles. For collectors, that means the dollar your collection is priced in sits on a more resilient foundation.
One token, simpler trading
Rather than juggling several different stablecoins, you mint XMD once and use it everywhere it is supported. Its exclusive trading pairs mean you can buy, sell, and redeem effortlessly without constantly swapping between competing dollar tokens.
Mint and redeem one-to-one
You can mint XMD from any supported basket stablecoin at a one-to-one rate, and redeem it back just as easily whenever you want to move funds out. There is no spread or lock-up to worry about — XMD is designed to be a frictionless, dollar-pegged unit of account.
Why it matters on Amari
Because Amari Market prices listings and pays creators in XMD, a more stable and resilient dollar keeps collection values and payouts steady. You get the predictability of a dollar with the diversification of a whole reserve basket behind it. You can learn more at metaldollar.com.