🚀 Mountain Protocol has announced the launch of USDM, an ERC-20 yield stablecoin! 💰

✅ Having received a digital asset license from the Bermuda Monetary Authority, a company can issue, sell and redeem USDM.

🔹 The token is fully backed by short-term US Treasuries and offers users daily rebalancing rewards at 5% per annum.

🌐 USDM also allows users from other countries to access US Treasury yields and other DeFi protocols.

🤝 Along with this, Mountain Protocol announced funding led by Castle Island Ventures with participation from Coinbase Ventures, New Form Capital and others.

👇 Let's discuss the news in the comments!