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Mountain Protocol

Stablecoin · RWA-Backed Stable · USDM

NetworkStablecoinRWARWA-Backed StableYield-BearingWound-Down1 coinsAudited

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

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+0.0% 24h

Latest data · 15 min delay

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Risks identified

  • 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.

Research agent