Mountain Protocol USDM fund
Overview
Mountain Protocol, a digital asset issuer regulated by the Bermuda Monetary Authority, issues USDM, a yield-bearing stablecoin. The ERC-20 token is collateralised by short-term US Treasuries and distributes the resulting yield to holders via a daily rebase, increasing balances without requiring staking or lock-ups. The product targets non-US users seeking exposure to US Treasury yields in a format compatible with DeFi platforms. Reserves are maintained in bankruptcy-remote accounts, segregated from the issuer's operational funds.
Within The Counterparty graph, Mountain Protocol USDM connects to 8 tracked entities, most strongly to Mountain Protocol, Ethereum, Arbitrum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Mountain Protocol | 95% |
deployed_on | Ethereum | 85% |
deployed_on | Arbitrum | 85% |
deployed_on | Base | 85% |
deployed_on | Polygon | 85% |
deployed_on | Optimism | 85% |
deployed_on | zkSync Era | 85% |
regulated_by | Bermuda Monetary Authority | 85% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
How does USDM pay yield?
No staking or locking is needed. At a fixed time each day, every holder’s USDM balance is increased by the accrued yield via a daily rebase.
Who regulates Mountain Protocol?
The Bermuda Monetary Authority, which granted Mountain Protocol a licence to issue digital assets.