# ASM-USD · catalysts, narrative & risks

**Deep-research report — K3vl4r**  
**Symbols:** ASM-USD  
**Sources:** 14  
**Published:** 2026-09-16  
**Canonical:** https://app.k3vl4r.com/research/deep-research-asm-usd-catalysts-narrative-risks-3972

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## 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]](https://www.coingecko.com/en/coins/assemble-ai), [[14]](https://coinmarketcap.com/currencies/assemble-protocol/). 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]](https://blockchainreporter.net/assemble-protocol-asm-crypto-price-prediction-2022-2025-2030/).

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