Convert Wrapped Bitcoin WBTC to Mountain Protocol USDM
1 WBTC converts to 58,296.89 USDM
About WBTC and USDM
Wrapped Bitcoin is falling, while Mountain Protocol is climbing this week. The current WBTC to USDM conversion rate is 58,296.89. Inversely, this means that if you convert 1 USDM you will get 0.00001715 WBTC. The conversion rate of WBTC/USDM has decreased by 0.2% in the last hour (USDM/WBTC increased by 0.2%). In the last 24 hours, WBTC/USDM shrunk by 2.18%, while USDM/WBTC grew by the same amount.
The exchange rate of Wrapped Bitcoin is decreasing. The current value of 1 WBTC is 58,296.89 USDM. In other words, to buy 5 Wrapped Bitcoin, it would cost you 291,484.45 USDM. Inversely, 1 USDM would allow you to trade for 0.00001715 WBTC while 50 USDM would convert to 0.0008577 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.46%. Meanwhile, in the last 24 hours, the rate has changed by 2.16%, and that the highest exchange rate of 1 WBTC to USDM was 59,726.93 USDM and the lowest 24 hour value was 1 WBTC for 57,991.26 USDM. Last month, 1 WBTC was worth 73,732.37 USDM. Today, it's down 26.48%. Looking back a year, Wrapped Bitcoin has changed by 108,876.59 USDM. That means that in a single year, the value of Wrapped Bitcoin has shrank by 86.76%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Mountain Protocol Market Stats
The USDM token is a rebasing ERC20 token, redeemable at a pegged 1:1 USD value by primary users. USDM is a fully backed stablecoin, backed by "USDM Reserves", which are held under custody with regulated financial institutions in bankruptcy-remote accounts, segregated from the Company's operating accounts, on behalf of, and for the benefit of, Users. USDM rebases daily, allowing users to receive rewards. These rewards are generated by the interest paid by the US Treasuries held in the USDM Reserves.
Conversion tables
WBTC to USDM values from Today at 1:02 am
0.5 WBTC = 29,148.44 USDM |
1 WBTC = 58,296.89 USDM |
5 WBTC = 291,484.45 USDM |
10 WBTC = 582,968.90 USDM |
50 WBTC = 2,914,844.49 USDM |
100 WBTC = 5,829,688.99 USDM |
500 WBTC = 29,148,444.93 USDM |
1,000 WBTC = 58,296,889.85 USDM |
USDM to WBTC values from Today at 1:05 am
0.5 USDM = 0.000008577 WBTC |
1 USDM = 0.00001715 WBTC |
5 USDM = 0.00008577 WBTC |
10 USDM = 0.0001715 WBTC |
50 USDM = 0.0008577 WBTC |
100 USDM = 0.001715 WBTC |
500 USDM = 0.008577 WBTC |
1,000 USDM = 0.01715 WBTC |
WBTC to USDM over time
WBTC | Today | 24H -2.16% | 1M -26.48% | 1Y -86.76% |
|---|---|---|---|---|
0.5 WBTC | 29,148.44 USDM | 29,777.78 USDM | 36,866.19 USDM | 54,438.29 USDM |
1 WBTC | 58,296.89 USDM | 59,555.57 USDM | 73,732.37 USDM | 108,876.59 USDM |
5 WBTC | 291,484.45 USDM | 297,777.84 USDM | 368,661.86 USDM | 544,382.93 USDM |
10 WBTC | 582,968.90 USDM | 595,555.68 USDM | 737,323.72 USDM | 1,088,765.86 USDM |
50 WBTC | 2,914,844.49 USDM | 2,977,778.38 USDM | 3,686,618.59 USDM | 5,443,829.31 USDM |
100 WBTC | 5,829,688.99 USDM | 5,955,556.75 USDM | 7,373,237.17 USDM | 10,887,658.62 USDM |
500 WBTC | 29,148,444.93 USDM | 29,777,783.76 USDM | 36,866,185.85 USDM | 54,438,293.10 USDM |
1,000 WBTC | 58,296,889.85 USDM | 59,555,567.52 USDM | 73,732,371.71 USDM | 108,876,586.21 USDM |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $58,418.27.
Based on the current rate, you could get 0.00001712 WBTC for 1 USD.
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00008559 WBTC. Inversely, 5 WBTC will cost about $292,091.37
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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