Mountain Protocol
RegulatedRegulated permissionless yield-bearing stablecoin backed by US Treasuries
About Mountain Protocol
Mountain Protocol issued USDM, the first permissionless yield-bearing stablecoin backed by US Treasury bills that automatically accrues interest for holders. Licensed by the Bermuda Monetary Authority, USDM was available across Ethereum, Base, Arbitrum, and Optimism. Note: Mountain Protocol initiated an orderly wind-down of USDM in 2025.
Platform Details
Quick Info
- Founded
- 2023
- HQ
- Hamilton, Bermuda
- Team
- 11-50
- Regulated
- Yes
- Pricing
- per token
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Last updated: 2/20/2026
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