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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
USDM
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Description
USDM is Mountain Protocol’s regulated, fully compliant yield-bearing stablecoin. It is designed to work with ERC-20 tokens, decentralized applications, smart contracts, and DeFi protocols, with 24/7 availability and daily rewards for holders. USDM Reserves are backed by U.S. Treasury bills and held in custody by global financial institutions. The rendered page states that USDM’s Phase 2 wind-down concluded on August 22, 2025, closing its primary market and requiring remaining holders to redeem through secondary markets.Category: Stablecoin Issuance