ASM-USD · catalysts, narrative & risks

What ASM-USD Is

ASM is the native token of Assemble AI (formerly Assemble Protocol), a small-cap digital asset — not a listed company, equity, or ETF. The "-USD" suffix simply denotes the dollar-quoted market pair and is not part of the token's name.

As of 2026-11-07/08, ASM trades around $0.004553 with a market cap near $6.8 million, a circulating supply of 1.5 billion tokens, and a maximum supply of 3 billion tokens [5], [14]. It launched in 2019/2020 (start date 2020-08-03) and operates on the Ethereum platform [DOC-5]. Originally built on the Polkadot ecosystem for loyalty-point tokenization, it has since rebranded to focus on AI-driven crypto news analytics via its NS3 (News3) agent [2].