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Mountain Protocol
Mountain Protocol is a regulated digital-asset company that developed USDM, a permissionless yield-bearing stablecoin backed by short-term U.S. Treasuries. It also provides a platform for eligible primary customers and a DeFi interface for interacting with USDM and wUSDM. USDM is in an orderly wind-down, with minting disabled and primary-market activity closed.
Distributed
Description
Mountain Protocol Limited is a Bermuda-licensed Digital Asset Business that launched in 2023 to offer regulated, enterprise-grade access to a yield-bearing stablecoin. Its products include USDM, a rebasing ERC-20 stablecoin backed by segregated, bankruptcy-remote reserves, and the Mountain Protocol Platform for eligible business customers to purchase or redeem USDM. The organization also operates a DeFi frontend for buying, wrapping, bridging, and providing liquidity for USDM/wUSDM. Following an acquisition agreement with Anchorage Digital, Mountain Protocol has been winding down USDM; remaining holders redeem through secondary markets and Uniswap liquidity.Grant Funding
VC Funding
None
2024
$0
$16M