Precious Metals USD

PMUSD

Stablecoin, stable asset weightsMarket-cap rank 413, CoinGecko 23 Oct 2026

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.28–

Transparencywithheld×0.24–

Revenuewithheld×0.08–

Innovationwithheld×0.08–

Communitywithheld×0.12–

Tokenomicswithheld×0.20–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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About Precious Metals USD

Analysis of 4 Jun 2026

Precious Metals USD (pmUSD) is an overcollateralized stablecoin issued by RAAC protocol, backed by tokenized precious metals from the $235M Pretio Foundation and I-ON Digital"s $200M gold partnership. Using a collateralized debt position (CDP) model with conservative 5:1 reserve ratio (80% spot price discount on gold valuation), users deposit ERC-20 tokenized metals to mint USD-pegged stablecoins.

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As of June 4, 2026, pmUSD continues to face persistent liquidity challenges and limited market adoption in the competitive tokenized commodity market dominated by established gold-backed leaders PAXG and XAUT. The protocol maintains its technical infrastructure with Chainlink oracle integration and DeFi ecosystem partnerships through RAAC, but struggles with minimal trading activity and limited ecosystem growth.

Physical gold redemption mechanisms are anticipated for July 2026, which could provide additional utility for holders. pmUSD represents a niche approach to stablecoins by combining USD peg stability with precious metals backing, though market traction remains limited.

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