Mountain Protocol
Since
2023
About
Empowering digital innovation with secure, yield-ready treasury-backed solutions
Mountain Protocol is a Bermuda Monetary Authority-regulated digital asset issuer offering USDM, the first yield-bearing, nationally regulated USD stablecoin. USDM is backed by US Treasuries, ensuring security and bankruptcy remoteness while providing a permissionless, reliable stablecoin with stable value and built-in yield, redefining trust and growth in digital finance.
Use Cases
Stable Yield Investment
Investors earn daily yield on USDM stablecoin fully backed by US Treasuries withzero bankruptcy risk.
Cross-chain Payments
Businesses make secure and stable cross-chain payments using USDM compatiblewith multiple blockchains.
Institutional Treasury Management
Institutions hold USDM as secure, regulated stablecoins with proof of reserves for treasury diversification.
Decentralized Finance Integration
DeFi projects integrate USDM for stable, yield-bearing liquidity and collateral in smart contracts.
Key Features
USDM Stablecoin Features
- USDM was a permissionless ERC20 token, similar to other fiat-backed stablecoins,making it compatible with smart contracts supporting the ERC20 standard.
- USDM was fully collateralized by USDM Reserves, held in segregated,bankruptcy-remote accounts, composed exclusively of short-term U.S. Treasuries to minimize counterparty risk.
- USDM rebases daily, accruing new tokens to holders regardless of where the USDM is held,modifying the balanceOf via a rewardMultiplier.
- USDM was natively supported on Ethereum, Polygon, Arbitrum, Optimism, Base,ZKSync Era, Celo, and Avalanche, with plans for future expansion to other blockchains.
- Primary users with a Mountain Protocol account could mint and redeem USDM at$1, while secondary users could acquire USDM from various sources like primary users or decentralized exchanges.
Regulatory and Operational Status
- USDM, the Mountain Protocol Portal, and all services offered by the company are not accessible by individuals or businesses from the US,Cuba, Iran, North Korea, Russia, Syria, specific regions in Ukraine, Balkans,Belarus, Burma (Myanmar), Central African Republic, Democratic Rep of Congo,Ethiopia, Hong Kong, Iraq, Lebanon, Libya, Sudan, Venezuela, Yemen, andZimbabwe.
- USDM has not been registered under the U.S. Securities Act of 1933 and may notbe offered, sold, or delivered within the United States to U.S. Persons.
- Mountain Protocol partners with top-tier institutions as a regulated financialinstitution.
- USDM Reserves are held in a bankruptcy-remote setup, with collateral proof ofreserves, third-party attestations, and regulatory oversight.
- USDM is undergoing an orderly wind down. Minting has been permanentlydisabled, and primary market redemptions will remain open for a limited time.USDM will conclude Phase 2 of its orderly wind down process on Aug 22, 2025. Asof that date, the primary market for USDM will be closed and all remaining USDM holders will be required to redeem via secondary markets.
(Founder & CEO)
Martín Carrica
(Founder & CTO)
Matías Caricato
Headquarters
🇬🇧 Pembroke
Website
mountainprotocol.com
8
blockchains supported natively
0.00%
APY for USDM stablecoin rewards
