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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
Mountain Protocol
Description
Mountain Protocol provides USDM, a permissionless ERC20 stablecoin that offers 5% APY, is fully collateralized by short-term US Treasuries, and is regulated and transparent.Category: RWA
TVL: $55M
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