YIELD-BEARING STABLECOIN

Summary from the TLDR Crypto newsletter

Mountain Protocol has publicly announced its launch along with USDM following a financing round led by Castle Island Ventures and several others. The token, USDM, is fully backed by short-term US Treasuries and offers a unique yield-bearing system, allowing even non-US users to earn interest in US Treasuries. Mountain Protocol has also secured a digital asset business license from the Bermuda Monetary Authority.