Mountain Protocol
ProjectStablecoin Protocol
About
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 The USDM balance can be withdrawn via direct transfer to an allowed EOA in USDM or USDC or to a bank in USD.
History
Series A Round
$8.00M
$8.00M · Bankless Ventures, The Venture Dept., Coinbase Ventures
USDM Expands to Optimism
USDM Expands to Arbitrum
USDM Expands to Polygon
Integration of Chainlink Proof of Reserve
USDM Launches on Ethereum Mainnet
Founded
Recent News
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
