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Mountain Protocol

Mountain Protocol

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Category: RWA
TVL: $55M

Mountain Protocol

Mountain Protocol is a regulated financial institution that offered USDM, a permissionless, yield-bearing stablecoin. USDM is an ERC20 token, fully collateralized by short-term US Treasuries held in segregated, bankruptcy-remote accounts. It was designed to be composable and compatible with any smart contract that supports the ERC20 standard and was natively supported on multiple blockchains including Ethereum, Polygon, and Arbitrum. The project is currently undergoing an orderly wind-down, with minting permanently disabled.
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Funding Rounds

Funding Round: Series A
Funding Date: 6 Jun, 2024
Raised Amount: $8M
Funding Round: Seed
Funding Date: 11 Sep, 2023

Investors