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Mountain Protocol
Mountain Protocol is the issuer of USDM, a yield-bearing stablecoin collateralized by short-term US Treasuries. It aimed to provide a regulated, transparent, and permissionless financial product for the DeFi ecosystem. As of the latest update, the USDM token is undergoing an orderly wind-down.
Distributed
Funding Rounds
Funding Round: Series A
Funding Date: 6 Jun, 2024
Raised Amount: $8M
Funding Round: Seed
Funding Date: 11 Sep, 2023