Mountain Protocol
Stablecoin · RWA-Backed Stable · USDM
Mountain Protocol issued USDM, a daily-rebasing T-bill-yield dollar under Bermuda Monetary Authority oversight; acquired by Anchorage in April 2025 and winding down.
Regulated yield-bearing T-bill dollar (wound down).
Circulating supply
—
-0.0% 24h
Latest data · 15 min delay
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Mountain Protocol — Research Skill
Regulated yield-bearing T-bill dollar (wound down).
mountain-protocol · v1.0.0
Facts
| category | Network |
| symbol | USDM |
| tagline | Regulated yield-bearing T-bill dollar (wound down). |
| arbitrumNative | no |
| chains | Ethereum, Arbitrum, Base, Optimism, Polygon |
| security | audited (OZ-derived · reported audited (no public link)) |
| memberCoins | 2 (USDM, —) |
| universalMetricsSyncedAt | 2026-07-03T17:03:27Z |
Sections
Overview
Mountain Protocol issued USDM, a daily-rebasing T-bill-yield dollar under Bermuda Monetary Authority oversight; acquired by Anchorage in April 2025 and winding down.
What makes it different
One of the first yield-bearing stablecoins with formal regulatory oversight and daily-rebase T-bill yield.
Components
- Mountain Protocol core product: Mountain Protocol issued USDM, a daily-rebasing T-bill-yield dollar under Bermuda Monetary Authority oversight; acquired by Anchorage in April 2025 and winding down.
Member coins
- Mountain Protocol USD (USDM) — Stablecoin, Daily-rebase T-bill dollar (winding down) - Mountain Protocol (no native token) (—) — Token, No native token
Risks
- Smart Contract: On-chain logic upgrades, bugs, or parameter errors can impair user funds. - Market: Token, collateral, or peg volatility affects protocol solvency and user outcomes. - Liquidity: Thin markets make exits, liquidations, or redemptions harder during stress. - Peg: Stablecoin may de-peg under reserve, liquidity, or confidence stress.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for Mountain Protocol. | research_getEntity({ slug: "mountain-protocol" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
- TVL
- Total value locked — assets held or managed by a protocol, in USD.
- APR
- Annual percentage rate — yield before compounding.
- RWA
- Real-world asset — an off-chain asset represented as an on-chain token.
- ERC-8004
- Trustless-agent identity standard; an agent's portable on-chain identity (ERC-721).