MULTICOIN DISCUSSES “THE ENDGAME FOR STABLECOINS”

Summary from the TLDR Crypto newsletter

Mountain Protocol has launched USDM, a stablecoin backed by US Treasuries. The protocol uses an auto-rebasing feature that accrues daily yield directly in users' wallets, differentiating it from competitors by sharing the yield generated from treasury assets, thus enhancing its appeal as a reliable and innovative financial tool in the stablecoin market.