The stablecoin USDM issued by the stablecoin protocol Mountain Protocol with stable profits has been launched on Curve's crvUSD-USDM liquidity pool. USDM is supported by short-term US Treasury bonds and provides daily rewards to users in Rebase form, with an annual interest rate of 5%.
Earlier, Mountain Protocol announced the completion of seed round financing, led by Nic Carter of Castle Island Ventures, with participation from Coinbase Ventures, New Form Capital, Daedalus Angels, and others. Mountain Protocol co-founder and CEO Martin Carrica said that due to regulatory requirements, the amount of this round of financing is confidential.
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