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Mountain Protocol

Regulated

Regulated 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

Asset Classes
Debt & Credit Funds
Service Types
Issuance Platform
Blockchain Networks
Ethereum Base Arbitrum Multi-chain
Jurisdictions
🌍 Global
Target Investors
Retail Institutional
Regulatory Licenses
BERMUDA MONETARY AUTHORITY DIGITAL ASSET BUSINESS LICENSE (#202302512)
Founded
2023
Headquarters
Hamilton, Bermuda
Team Size
11-50 employees
Pricing Model
per token

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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