According to Foresight News, the stablecoin USDM of the yield stablecoin protocol Mountain Protocol has been launched on Curve in the crvUSD-USDM liquidity pool. USDM is fully backed by short-term US Treasury bonds and provides users with daily rewards in the form of rebases. The current annual interest rate is 5%. Non-US users can also hold USDM to earn stablecoin income, thus providing any user outside the United States with a crypto wallet with the opportunity to obtain US Treasury yields.
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Mountain Protocol’s stablecoin USDM has been launched on Curve’s CrvUSD-USDM liquidity pool
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