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Testnet

Testnet. MockXAU is not gold and test USDMD has no value.

What that means

USDMD reserves

What backs USDMD, read from the chain.

Every figure here is read from Midas Chain testnet by the issuer's public API, and every figure links to the contract or transaction it came from. The page is rebuilt from a fresh read at most every thirty seconds.

As of block 611,653 · 2026-09-30 10:05 UTC

Supply

59,833.40
Total supply · All USDMD in existence, from the token contract.
900.00
Circulating · Total supply less what the issuer holds itself: the treasury and the dispenser's pool.

Collateral ratio

Collateral ratio
1.3287
At or above the target.

Total reserve value divided by supply.

Reserve by asset

On-chain holdings of the reserve contract, at the oracle price, after each asset's haircut.

AssetHeld (oz)Value (USD)ShareShare capStatus
PAXGPaxos Gold (Sepolia, bridged)listed, empty0.00000.000.0%100.00%active
XAU-MOCKMock Gold (testnet, not gold)testnet, not gold18.976679,506.05100.0%100.00%active
On-chain reserve79,506.05
Off-chain lines (hedge, custodian gold, buffer)0.00
Total reserve79,506.05

MockXAU is a testnet token, not gold. The testnet reserve is made almost entirely of it, because no real testnet gold could be obtained in the amount needed. Its value on this page is a price convention, not a claim that gold is held.

Hedge

The hedge sits on a trading venue, where no contract can read it, so it is attested each epoch in the published statement, together with the account that holds it. Anyone can look the account up on the venue.

Instrument

PACTOL:PAXG-PERP

Status

not opened: the hedge keeper has not started

Notional (USD)

0.00

Position (oz)

0.0000

Account value (USD)

0.00

From epoch 75's statement · 0x159d3f…33f382

Gold price

The controller uses the median of the price sources that are fresh (updated within 120 seconds), and only when at least two are fresh and they agree within 1.5%. Otherwise the price is unavailable, which stops minting and redemption until it returns. Holders keep their tokens and can transfer them throughout.

XAU/USD used by the controller
4,189.67
3 fresh sources
SourcePriceAgeUpdated
pyth:XAU/USDno price yet
pactol:PAXG4,196.8824 s2026-09-30 10:04 UTC
pactol:XAUT4,189.3129 s2026-09-30 10:04 UTC
swissquote:XAU/USD4,189.6722 s2026-09-30 10:04 UTC

The PAXG and XAUT sources are prices from venues where those tokens trade, mostly against USDT. That is a price input only: no USDT is held or moved by USDMD.

Minting and caps

Open
Minting
0 / 500,000
Mint cap used, this 24-hour epoch
14,958
Redemption room left, this 24-hour epoch · 25.00% of supply per epoch, never less than 10,000 USDMD.
15 min
Latest proof of reserves (epoch 75) · Minting stops if no epoch is published for 3 hours.

Recent mints and redemptions

KindWhenUSDMDGold (oz)FeeTransaction
Redeem2026-09-27 10:58 UTC100.000.02330.100x23ff35…a31819
Mint2026-09-27 10:57 UTC59,873.3614.000059.930xa30429…837405

By day

DateMintedRedeemed
2026-09-2759,873.36 (1)100.00 (1)

Proof-of-reserves epochs

One epoch an hour on testnet. The contract reads supply and the on-chain reserve itself at publication and rejects a report that disagrees; only the off-chain lines are taken on the publisher's word, and each epoch commits to the SHA-256 of its statement.

EpochPublishedSupplyOn-chainOff-chainCRStatement
752026-09-30 09:50 UTC59,833.4079,471.700.001.3282statement
742026-09-30 08:50 UTC59,833.4079,650.560.001.3312statement
732026-09-30 07:50 UTC59,833.4079,629.970.001.3308statement
722026-09-30 06:50 UTC59,833.4079,366.000.001.3264statement
712026-09-30 05:50 UTC59,833.4079,245.600.001.3244statement
702026-09-30 04:50 UTC59,833.4079,325.300.001.3257statement
692026-09-30 03:50 UTC59,833.4079,217.790.001.3239statement
682026-09-30 02:50 UTC59,833.4079,399.310.001.3270statement
672026-09-30 01:49 UTC59,833.4079,154.510.001.3229statement
662026-09-30 00:49 UTC59,833.4079,296.830.001.3252statement
652026-09-29 23:49 UTC59,833.4079,415.910.001.3272statement
642026-09-29 22:49 UTC59,833.4079,310.120.001.3255statement
632026-09-29 21:49 UTC59,833.4079,407.130.001.3271statement
622026-09-29 20:49 UTC59,833.4079,405.000.001.3271statement
612026-09-29 19:49 UTC59,833.4079,192.940.001.3235statement
602026-09-29 18:49 UTC59,833.4079,136.380.001.3226statement
592026-09-29 17:49 UTC59,833.4078,706.660.001.3154statement
582026-09-29 16:49 UTC59,833.4078,763.590.001.3163statement
572026-09-29 15:49 UTC59,833.4078,934.850.001.3192statement
562026-09-29 14:49 UTC59,833.4079,076.040.001.3216statement
552026-09-29 13:49 UTC59,833.4079,017.880.001.3206statement
542026-09-29 12:49 UTC59,833.4078,910.370.001.3188statement
532026-09-29 11:49 UTC59,833.4078,864.160.001.3180statement
522026-09-29 10:48 UTC59,833.4078,856.570.001.3179statement
512026-09-29 09:48 UTC59,833.4078,780.670.001.3166statement
502026-09-29 08:48 UTC59,833.4078,653.520.001.3145statement
492026-09-29 07:48 UTC59,833.4078,691.480.001.3151statement
482026-09-29 06:48 UTC59,833.4078,700.970.001.3153statement
472026-09-29 05:48 UTC59,833.4078,591.750.001.3135statement
462026-09-29 04:48 UTC59,833.4078,433.390.001.3108statement
452026-09-29 03:48 UTC59,833.4078,613.670.001.3138statement
442026-09-29 02:48 UTC59,833.4078,598.490.001.3136statement
432026-09-29 01:48 UTC59,833.4078,563.290.001.3130statement
422026-09-29 00:48 UTC59,833.4078,232.240.001.3075statement
412026-09-28 23:48 UTC59,833.4078,363.180.001.3096statement
402026-09-28 22:48 UTC59,833.4078,378.360.001.3099statement
392026-09-28 21:48 UTC59,833.4078,330.110.001.3091statement
382026-09-28 20:48 UTC59,833.4078,198.080.001.3069statement
372026-09-28 19:47 UTC59,833.4078,452.370.001.3111statement
362026-09-28 18:47 UTC59,833.4078,632.650.001.3141statement
352026-09-28 17:47 UTC59,833.4078,613.670.001.3138statement
342026-09-28 16:47 UTC59,833.4078,480.840.001.3116statement
332026-09-28 15:47 UTC59,833.4078,298.660.001.3086statement
322026-09-28 14:47 UTC59,833.4078,279.680.001.3082statement
312026-09-28 13:47 UTC59,833.4078,877.450.001.3182statement
302026-09-28 12:47 UTC59,833.4078,809.420.001.3171statement
292026-09-28 11:47 UTC59,833.4078,928.680.001.3191statement
282026-09-28 10:47 UTC59,833.4079,007.440.001.3204statement
272026-09-28 09:47 UTC59,833.4078,885.040.001.3184statement
262026-09-28 08:47 UTC59,833.4078,898.320.001.3186statement
252026-09-28 07:47 UTC59,833.4078,932.480.001.3192statement
242026-09-28 06:47 UTC59,833.4079,304.420.001.3254statement
232026-09-28 05:47 UTC59,833.4079,467.620.001.3281statement
222026-09-28 04:46 UTC59,833.4079,771.250.001.3332statement
212026-09-28 03:46 UTC59,833.4079,664.980.001.3314statement
202026-09-28 02:46 UTC59,833.4079,896.490.001.3353statement
192026-09-28 01:46 UTC59,833.4079,905.980.001.3354statement
182026-09-28 00:46 UTC59,833.4080,461.050.001.3447statement
172026-09-27 23:46 UTC59,833.4080,841.630.001.3511statement
162026-09-27 22:46 UTC59,833.4080,841.630.001.3511statement
152026-09-27 21:46 UTC59,833.4081,220.120.001.3574statement
142026-09-27 20:46 UTC59,833.4081,178.080.001.3567statement
132026-09-27 19:46 UTC59,833.4081,201.240.001.3571statement
122026-09-27 18:46 UTC59,833.4081,202.710.001.3571statement
112026-09-27 17:46 UTC59,833.4081,171.730.001.3566statement
102026-09-27 17:33 UTC59,833.4081,195.920.001.3570statement
92026-09-27 16:32 UTC59,833.4081,203.510.001.3571statement
82026-09-27 15:32 UTC59,833.4081,186.010.001.3568statement
72026-09-27 14:32 UTC59,833.4081,212.290.001.3573statement
62026-09-27 13:32 UTC59,833.4081,199.570.001.3570statement
52026-09-27 12:32 UTC59,833.4081,230.550.001.3576statement
42026-09-27 11:32 UTC59,833.4081,234.970.001.3576statement
32026-09-27 11:21 UTC59,833.4081,236.770.001.3577statement
22026-09-27 11:14 UTC59,833.4081,234.970.001.3576statement
12026-09-27 10:57 UTC0.0021,404.750.00n/astatement

How to check an epoch yourself

Pending governance

Every change to the controller, the collateral registry and the oracle configuration is queued in a public timelock and can only run after the delay (1 hour on testnet). Queued changes are shown here before they take effect.

Nothing is queued.

Earlier operations (1)
ChangeContractCan run fromStateTransaction
configure0x8d5c3e…ec4f262026-09-27 12:23 UTCexecuted0x66c227…c65a25 · 0x5f583d…fc46d8

Indexed to block 611,644; chain head 611,653.

Nothing on these pages is an offer, a solicitation or a recommendation to buy, sell or hold any asset, in any jurisdiction. Test USDMD is not sold and has no value.