Mountain Protocol allows Primary users (users with an approved Mountain Protocol account) to purchase and redeem USDM at a pegged value of $1. It allows users to gather digital asset wallet addresses and wire details to fund their accounts. All funds in the platform are auto-converted to USDM once settled. The USDM balance can be withdrawn via direct transfer to an allowed EOA in USDM or USDC or to a bank in USD.
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sky cut sUSDS to 3.60% APY. 3-month T-bill pays 3.70%. you are now accepting smart contract risk, depeg risk, and regulatory risk to earn 10bps less than a fidelity money market fund. mountain protocol USDM depegged to $0.97 this weekend, wiping out an entire year of yield in one session. USDH is wi
Yield-bearing stablecoin issuer Mountain Protocol becomes a financial management partner of the Arbitrum STEP program.
Mountain Protocol has been granted the highest license for digital asset business by the Bermuda Monetary Authority.
Injective Integrates Mountain Protocol Offering USDM Stablecoin as Collateral for Derivatives