Ask about Mountain Protocol
Logo of Mountain ProtocolMountain Protocol(USDM)
Total Value Locked$1.4m

TVL by Chain

Ethereum$1.27m

ZKsync Era$58,408

Arbitrum$51,239

Base$9,472

OP Mainnet$5,219

Polygon$2,063

Key Metrics

Total Raised$8m

Sep 11, 2023Round: SeedInvestors: Castle Island Ventures, Coinbase Ventures, New Form Capital, Daedalus Angels

Jun 6, 2024$8mRound: Series AInvestors: Multicoin Capital, Castle Island Ventures, Coinbase Ventures, Bankless Ventures, Department of XYZ, Wormhole Crosschain Ecosystem Fund

Protocol Information

Mountain Protocol presents USDM—a cutting-edge, yield-bearing, rebasing stable coin. Rooted in the stability of Treasury Bills and enhanced by the promise of returns, USDM is more than just a crypto token—it's a gateway to trusted and compliant decentralized finance. With its fully regulated, permissionless design, engage with a crypto experience that combines the best of tradition, innovation, and security.

CategoryRWA

Sub Category: Treasury Bills

Audits:

WebsiteGitHubTwitter

Methodology

TVL: Calculates the total USDM SupplyView code on GitHub

Competitors

Midas RWA ($130.06m)Tangible RWA ($42.19m)Boson Protocol ($229,614)Sweep ($8,165)BlackRock BUIDL ($3.055b)Tether Gold ($3.236b)Circle USYC ($2.985b)Ondo Yield Assets ($2.693b)Paxos Gold ($2.137b)Centrifuge Protocol ($1.455b)