The unified USD trading balance backed 1:1 by USDC and USDT. One currency across the app.
Your trading balance is the unified USD balance on GM Markets, backed 1:1 by USDC and USDT held in custody. You hold one currency across the app. In the product UI it always displays as USD.
Trading balance is represented by a real on-chain ERC-20 token under the hood, not a UI abstraction. When you deposit (via Apple Pay, card, bank, or by receiving USDC), the equivalent trading balance is credited to your wallet by an authorized partner. When you withdraw, trading balance is queued for redemption back to USDC or fiat through the same partner.
Trading balance is per-chain at the wallet level. The Trade UI uses a chain-scoped balance from the chain you are trading on. The Portfolio aggregates across chains for a single total figure.
Stablecoins surface throughout the product with their canonical symbols (USDC, USDT) and trading balance as USD. USDC and USDT are trademarks of their respective issuers (Circle and Tether). GM Markets uses these symbols solely to identify the underlying stablecoin held in custody.
