Proud to announce that Mountain Protocol and
@wintermute_t
have entered into a collaboration to bridge the liquidity gap between TradFi and DeFi markets.
Soon all USDM holders will benefit from BUIDL, as a core asset for USDM Reserves.
We are proud to be a seed client for BUIDL and support institutional grade products that provide high quality backing to permissionless stablecoins.
Securitize is proud to announce we have partnered with
@BlackRock
. Together, we’re launching BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
BUIDL will provide investors with the opportunity to earn U.S. dollar yields by subscribing to the fund with Securitize
Thanks to our clients for trusting Mountain Protocol.
The first regulated and permissionless yield-bearing stablecoin, now at $100M TVL.
More announcements coming early Jan.
Mountain Protocol's USDM has been assessed by S&P for secondary market stability and deemed the product as adequate.
For a <1y issuer, this is an amazing achievement and result of: (a) being prudentially regulated and (b) following a tried-and-true stablecoin construction
Proud to announce that Mountain Protocol launches native USDM on Polygon POS.
The first regulated and permissionless yield-bearing stablecoin, USDM, can now be accessed with direct issuance from Mountain Protocol.
This way, non-U.S. users can now earn yields on their stablecoins simply by holding USDM, providing access to U.S. Treasury yields to anyone outside of the U.S. with a crypto wallet, worldwide.
The token is fully backed by short-term U.S. Treasuries, with the difference that USDM provides users daily rewards in the form of rebasing, currently at a rate of 5% APY.
The rebasing mechanism is very similar to
@LidoFinance
's stETH and will be familiar to most in crypto.
Regulated stablecoins are here to stay, providing users the assurance that claims made by stablecoin issuers are true.
Thanks
@nansen_ai
for the shout out!
USDM is a rebasing USD stablecoin backed by US treasuries and issued by
@MountainUSDM
who are regulated in Bermuda
A composable and yield-bearing stablecoin like USDM has the potential to become an important part of the DeFi stack
With a $120B+ market cap, stablecoins are the unquestionable killer app of crypto.
Stablecoins allow any person in the world to access U.S. dollars they can trust, which was previously only available to people inside the U.S.
USDM is now integrated into
@CoWSwap
.
Experience the best prices when swapping to and from USDM.
Leverage the smart router to search across venues and aggregators. Swap with MEV protection.
The opening of USDM is a game-changer for DeFi.
With a regulated product that pays the "risk-free rate", the opportunity cost of being in crypto is no more.
Florida hurricane reinsurance is now covered with crypto policies using crypto collateral.
Using USDM as collateral enabled
@nayms
to offer better returns to capital allocators and allowed regulators to get comfortable with the quality of the collateral in case claims need to be
We value our partnership with
@MountainUSDM
🤝
Together, we have provided a unique opportunity for investors and capital providers to gain exposure to RWA-backed yields.
Read the key highlights of our collaboration:
Now tracking
@MountainUSDM
's $USDM coin on our Stables Dashboard
USDM is an ERC20 rebasing token pegged 1:1 for primary users and collateralized by short-duration US Treasuries with an average maturity of 3 months or less
Note: USDM is not available for U.S. persons. USDM has not been registered under the U.S. Securities Act of 1933.
For more information about eligibility, please refer to our terms and conditions.
Bermuda was an early mover into Digital Assets, passing the DAB Act of 2018, providing regulatory clarity and the customer protections for which many in the industry advocate.
@coinbase
has recently been licensed by the BMA, who also licensed
@Circle
and
@Cashapp
.
Mountain Protocol has been granted a Digital Asset Business license (
#202302512
) by the Bermuda Monetary Authority, a top financial regulator globally, to issue, sell and redeem USDM.
Users looking for independent risk assessments can look at
@bluechip_org
's rating of USDM.
Currently rated B+, in line with USDC and DAI, and with the possibility to go to A- once the BMA issues a Full license after the initial enhanced monitoring period.
Today, we are releasing our initial rating of $USDM by
@MountainUSDM
, a yield-bearing stablecoin backed by US treasury bills and regulated by
@BermudaMonetary
.
We assign a safety rating of B+.
Other fiat-backed stablecoins rated B+ include $USDC and $XSGD. Read more. ⬇️
A
With U.S. Treasuries now paying +5% APY, U.S. Persons are shifting towards high-yield checking accounts or purchasing Treasuries directly.
Unfortunately, there are multiple barriers to accessing these products globally.
Enter USDM.
Deep-dive into
@MountainUSDM
, with
@CampbellJAustin
.
We covered legal structuring, regulation, risks and mitigations and other relevant topics for anyone assessing USDM.
Thank you Austin!
USDM is now available for trading at
@DeGateDex
- a DEX with the order book experience of a CEX.
DeGate encapsulates how we see trading in the future. Trading moves to yield-bearing assets.
🚀 Exciting News from DeGate DEX 🚀
We are proud to announce a game-changing yield-bearing stablecoin with a remarkable ~5% APY! 💰
Imagine holding stables and watching your stablecoin holdings steadily increase EVERYDAY 🤯
We are excited to announce the launch of the USDM/USD Oracle on Polygon zkEVM.
Designed by
@ChronicleLabs
, this price Oracle will facilitate access to significant new markets for Mountain Protocol’s $USDM yield-bearing stablecoin 🧵
We believe every dollar in crypto should earn the “risk-free rate”, helping:
• Protocols to prove enhanced returns to LPs.
• Exchanges to power their Earn programs.
• Traders to reduce cash drag.
• Startups and DAOs to enhance Treasury performance.
Why Bermuda?
Bermuda is internationally recognized for its rule of law and sophisticated regulators, evidenced by over 1/3rd of the $500B global reinsurance industry running out of Bermuda.
Steakhouse, the leading crypto-native Financial Advisory, did a comprehensive deep-dive into USDM.
It is humbling to have sophisticated advisors look inside the operation and comment on it.
"On the basis of our economic and legal review we are confident that collaborating with
Our research into
@MountainUSDM
and their novel USDM rebasing stablecoin has culminated in a comprehensive economic and legal review, that we are happy to announce today:
By pairing with crvUSD on a low fee pool, users (outside the U.S.) can purchase/redeem USDM for all major assets with low fees.
For example, even on a small $10,000 transaction, gas and fees are recovered in ~2-5 days of yield (depending on gas).
The
@MountainUSDM
team engaged us for an audit of their USDM stablecoin - the first regulated & permissionless yield bearing stablecoin. Crypto users can now access US Treasury yields and earn daily rewards in the form of rebasing by holding USDM.
All identified issues were
USDM is the first RWA on
@Aptos
, thanks to
@LayerZero_Labs
bridging technology, and available for use across the
@ThalaLabs
ecosystem, one of the largest DeFi protocols in the Ecosystem.
We're excited to announce our partnership with
@MountainUSDM
, bringing RWAs & tokenization to
@Aptos
, powered by
@LayerZero_Labs
.
$USDM, Mountain's institutional-grade, yield-bearing stablecoin will be integrated across Thala's product suite.
Read more:
Until today, users that wanted to access the "risk-free rate" (5% APY) in DeFi needed to either (a) go to a broker, (b) take the spoils of KYB'd players via lending protocols or (c) take risks above T-bill risk.
Our CEO will be talking about real world use cases enabled by yield-bearing stablecoins.
Stablecoins will be reach $1T, and yield bearing stablecoins are a key to enable non-speculative workflows on-chain providing a return profile above the TradFi alternatives.
Discover how yield bearing stablecoins are bringing real world use cases on chain with
@mcarrica
, Co-founder
@MountainUSDM
!
Explore the latest innovations in stablecoin design with us this summer.
Secure your early bird pass today! Link in bio.
Proud to work with leading institutional players such as Zodia Custody!
Institutions can now USDM with a familiar custody experience.
Zodia is integrated to multiple venues, allowing for exchange with minimal counterparty risk.
If you work with Zodia and have stablecoins, let's
1/ ZeroLend x Mountain Protocol
⚡️ New Listing: $wUSDM
Network:
@MantaNetwork
🔥 Super excited to integrate our first RWA asset on ZeroLend
Farm $MANTA and $ZERO incentives using $wUSDM, along with yield-bearing native rewards of LSD
#Manta
#ZeroLend
Proud to welcome
@fnhabach
as an Independent Board Member of Mountain Protocol.
Dr Firas Habach, currently Head of Compliance at Sygnum, brings oversight and nuance to our Compliance program.
Welcome Firas!
How does it work?
Wintermute will trade USDM for USDC and hold USDM in their books until TradFi markets open and Mountain Protocol can liquidate the T-bills held in USDM Reserves, onramp them, and repurchase the USDM from Wintermute.
Chronicle will be publishing a price feed for USDM soon - a critical piece of infrastructure for enhanced composability.
The Chronicle team built oracles protecting billions, including Maker since launch.
Excited to share that Mountain Protocol has recently been pre-screened for LTIIP incentives.
As part of the preparation for integrations, the price feed oracle from Chronicle is ready to go!
Wrapped $USDM, from our good friends at Mountain Protocol, is now live on Arbitrum.
📉 Cost efficient
📖 Decentralized
✅ Verifiable data
🤝 Reach out if you'd like to integrate the Chronicle USDM/USD Oracle on Arbitrum
🏦 Kleros Treasury and Risk Reports
Our primary focus at the Kleros Cooperative is on developing the Kleros protocol and nurturing our ecosystem. However, managing and growing our treasury is also a critical task. It preserves our capital, allowing us to accumulate more
1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so - check it out.
We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are
USDM Reserves will also greatly reduce exposure to bank deposits and stablecoins to exclusively "assets in transit".
This minimizes exposure to the weakest part of the financial chain that all stablecoins and RWAs utilize.
Pleasure working with
@CareyOlsen
, a top legal firm on securing our Digital Asset Business license from the Bermuda Monetary Authority (BMA).
Read more:
Traditional markets operate only weekdays during trading hours, while DeFi operates 24/7.
Users in the DeFi expect to be able to purchase and redeem their assets any day, any time.
Mountain Protocol products, including USDM, are governed under Terms and Conditions and are not available for US persons and other restricted countries/activities.
For more information, visit:
Extensive risk assessment by
@LlamaRisk
just released.
Deep-dives into collateral design, legal structure and operations are suggested for projects looking for an in depth assessment of USDM.
"Notable advantages for USDM are its legal structure that protects the ownership
This week we looked into $USDM from
@MountainUSDM
, the stablecoin backed by U.S. T-Bills with rebasing rewards that currently earn 5% APY.
Read the full report here and highlights below 👇
1/8
DISCLAIMER: USDM is not available for US Persons or other restricted countries and industries.
Please refer to terms and conditions on our website to learn more.