ChainCatcher news, the yield-generating stablecoin issuer Mountain Protocol announced on X that its license has been upgraded by the Bermuda Monetary Authority (Class F) to a full license. This is the highest license available for digital asset businesses in Bermuda, and currently only a few companies have obtained it, including Coinbase, Circle, Hashkey, and Zero Hash.

ChainCatcher news, Layer 1 blockchain network Injective announced on its official blog that the Mountain Protocol will launch today on Injective, bringing the first native yield stablecoin (USDM) to the Injective ecosystem.Users can now utilize USDM to develop various dApps built on Injective while still earning yields from U.S. Treasury bonds. Potential use cases include using USDM as collateral when trading derivatives, employing the asset in lending protocols, or deploying the asset to various money market platforms on Injective.

ChainCatcher news, according to official sources, the Manta Network ecological RWA asset, the interest-bearing stablecoin wUSDM supported by Mountain Protocol and deployed on Manta Pacific, has now received support from the BlackRock BUIDL Fund.It is reported that wUSDM, as an RWA asset on the Manta Pacific chain, has always been backed by U.S. Treasury bonds, allowing users to earn U.S. bond yields by holding it. Now, wUSDM will also receive support from BlackRock's BUIDL Fund.

ChainCatcher news, according to official sources, the yield-bearing stablecoin issuer Mountain Protocol has become a financial management partner of the Arbitrum STEP program. After the related proposal receives broader community approval, USDM will become one of the reserve assets of the DAO treasury.According to RootData, the yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors.

ChainCatcher news, yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors. Mountain Protocol is the issuer of USDM, a yield stablecoin "fully backed by U.S. Treasury securities."According to the Web3 asset data platform RootData, Mountain Protocol allows approved users to purchase and exchange USDM at a fixed value of $1. It enables users to collect digital asset wallet addresses and wire transfer details to fund their accounts.

ChainCatcher news, according to Dune Analytics data, the scale of tokenized asset management of U.S. Treasury bonds on the blockchain exceeds 1 billion dollars, reaching 1.073 billion dollars. Among them:· Franklin Templeton has an asset management scale of 360 million dollars, ranking first;· Securitize has an asset management scale of 240 million dollars, ranking second;· Mountain Protocol has an asset management scale of 150 million dollars, ranking third.

ChainCatcher news, the stablecoin USDM under the stablecoin protocol Mountain Protocol has been launched on DeGate DEX, with the trading pair USDM/USDC. USDM is fully backed by short-term U.S. Treasury bonds and provides users with daily rewards in the form of Rebase, currently with an annual interest rate of 5%. Non-U.S. users can also hold USDM to earn stablecoin yields, aiming to provide users outside the U.S. with the opportunity to access U.S. Treasury yields. Currently, USDM can only be traded on DeGate DEX and Curve.

ChainCatcher news, according to The Block, cryptocurrency market maker Wintermute has established a strategic partnership with stablecoin issuer Mountain Protocol. The collaboration will allow users to exchange USDM for USDC at any time through Wintermute's liquidity supply, while avoiding the banking risks associated with USDM reserves.

ChainCatcher news, according to The Block, the dollar stablecoin USDM issuer Mountain Protocol announced the completion of its seed funding round, led by Castle Island Ventures co-founder Nic Carter, with participation from Coinbase Ventures, Nansen CEO Alex Svanevik, New Form Capital, Daedalus, and OpenZeppelin CEO Demi Brener.It is reported that Mountain Protocol launched a yield-generating stablecoin called USDM, which received a digital asset issuance license from the Bermuda Monetary Authority on July 27.