Mountain Protocol
Yield-Bearing
Earn 4.50% APY on your stablecoins with institutional-grade security across all major chains.
Founders
Martín Carrica (Co-Founder & CEO)
Matías Caricato (Co-Founder & CTO)
Launch Date
2023
Key Investors
Multicoin Capital
Coinbase Ventures
Castle Island Ventures
Bankless Ventures
Department of XYZ
and more
About
Mountain Protocol is a regulated digital asset issuer offering USDM, the first permissionless yield-bearing stablecoin that delivers 4.50% APY. USDM is fully collateralized by US Treasuries in bankruptcy-remote accounts, providing institutional-grade security and transparency. Compatible with Ethereum, Polygon, Arbitrum, Optimism, Base, ZKSync Era, and Celo, USDM features daily rebasing rewards regardless of where tokens are held. Regulated by the Bermuda Monetary Authority, Mountain Protocol combines DeFi accessibility with traditional finance security.
4.5%
APY yield-bearing stablecoin
7
supported blockchains
Use Cases
- Yield-Generating Treasury Management - Corporate treasurers can store reserve funds in USDM, earning 4.50% APY on idle capital while maintaining liquidity and the security of T-bill backing.
- DeFi Composability Platform - Developers can integrate USDM's ERC20 token into lending protocols, liquidity pools, and smart contracts across multiple blockchains for yield-bearing stablecoin applications.
- Regulated Stablecoin for Institutional Compliance - Regulated entities can utilize USDM for digital transactions, benefiting from transparent asset backing, compliance features, and daily attestations.
- Cross-Chain Yield Opportunity - Crypto investors can hold USDM across 7 supported blockchains, earning daily rebasing rewards regardless of where tokens are held, even in self-custody wallets.
USDM Stablecoin Features
- Offers 4.50% APY simply by holding USDM in a wallet
- It is permissionless and composable, functioning as an ERC20 token compatible with smart contracts
- USDM accrues rewards daily through a rebasing mechanism
- It is natively supported on multiple blockchains including Ethereum, Polygon, Arbitrum, Optimism, Base, ZKSync Era, and Celo
- Primary users can mint and redeem USDM at $1
Regulatory and Security Aspects
- USDM is regulated and transparent, with collateral proof of reserves and third-party attestations
- It is fully collateralized by USDM Reserves, composed of short-term US Treasuries held in segregated, bankruptcy-remote accounts
- The reserves are to be treated as a separate asset class in the event of bankruptcy
- Mountain Protocol partners with top-tier institutions
- Security standards include audits by Open Zeppelin and building on top of Fireblocks
Trusted by
Multicoin Capital, Castle Island Ventures, Coinbase Ventures, Bankless Ventures, New Form, Coinbase Prime
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Get in touch with our team
Stableguide Submission Form