USDM

Mountain Protocol USDM

Mountain Protocol

Website

AUM

$48M

2025-11-29

Yield

—

Min. Investment

None

Access

Open

Overview

⚠️ WINDING DOWN: USDM primary market closes Aug 22, 2025. A regulated, yield-bearing stablecoin backed by short-term US Treasuries. USDM rebases daily, meaning holders automatically receive yield without any action required.

On-Chain

Ethereum0x59d9...508c

Polygon—

Arbitrum—

Optimism—

Base—

Legal & Eligibility

WrapperYield-Bearing Stablecoin

JurisdictionBermuda

RegulatorBermuda Monetary Authority

Offering—

KYC

Accredited

Mint directly at mountainprotocol.com (KYC required). Also available on DEXs (Curve, Uniswap). Not available in US.

Cash-Flow

Typemoney market yield

Frequencydaily

Base RateUS Treasury bills

Daily rebase mechanism - holders receive yield automatically.

Risks

Smart Contract: Mountain Protocol smart contracts
Regulatory: Bermuda regulation; not available in US
Other: Rebase mechanism complexity

Resources

Website Docs Explorer Analytics