Mountain Protocol launches yield-bearing stablecoin in Bermudas
In a Sept. 11 post on X, Mountain Protocol announced the launch of USDM, an ERC-20 yield-bearing stablecoin. Mountain Protocol, granted a digital asset business license by the Bermuda Monetary Authority, can now issue, sell, and redeem USDM. The thread on X (formerly Twitter) claims that the token is fully backed by short-term U.S.
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