Termeh reserve report
…
Supply
– TRM
issued
- Supply cap (fixed)
- –
- Remaining to issue
- –
- In Termeh wallets
- –
- On Solana
- –
Reserve
– USDT
held in reserve
- Required (5 USDT per TRM)
- –
- Buffer above required
- –
- Buffer target (1%)
- –
Rates
– USDT
redemption rate per TRM (fixed)
- Backing per TRM
- –
- Backing ratio
- –
Backing per TRM, last 90 days (daily close and lowest)
Daily close
Lowest that day
5 USDT per TRM
The redemption rate is fixed: Termeh redeems 1 TRM for 5 USDT. Backing per TRM is the reserve divided by the TRM issued; Termeh keeps a buffer of at least 1% so it stays above 5.
Figures come from the Termeh ledger and refresh every 5 minutes. Each day's lowest backing is kept, so a short dip stays on record.
TRM traded on outside exchanges can have its own market price. That is not Termeh's rate.