USDM
Yield-bearing Stablecoin Backed by U.S. Treasuries
Last updated
Yield-bearing Stablecoin Backed by U.S. Treasuries
Last updated
Mountain Protocol's USDM is a Bermuda-regulated, yield-bearing stablecoin backed by US Treasuries. It offers daily rebasing, providing users with rewards slightly below the fed funds rate. USDM is fully collateralized by segregated, bankruptcy-remote "USDM Reserves" held by regulated financial institutions.
Asset Type
Treasuries
Agency Rating
BBB-/Baa3
TRA Rating (1-5)
3.9
Contribution to Credit Risk (0-5)
0.39
Target Weight in nRWA
10%
Est. APY
4.25%
Scorecard
Issuance
Mountain tokenizes real-world assets through its platform to create yield-generating instruments.
Custody & Management
Mountain works with top tier brokers and custodians, including Fireblocks, for the management of the underlying assets.
Fund Administration
EQ Capital manages investment operations and fund oversight. Nephos ensures the reliability and compliance of the asset and transaction processes.
Loan Origination
Lenders facilitate funds through Nest RWA.
Yield Generation
Borrowers repay their loans with interest, leading to yield generation on the underlying assets. The Network Firm ensures accuracy and compliance in yield reporting and processes.
Token Value Increase
Yield accrues on the underlying asset tokens, leading to an appreciation of the tokens held in the Nest RWA Vault.
Mountain Protocol Limited, a Bermuda Limited company, is a licensed Bermuda Monetary Authority (BMA) Digital Asset Business. The stablecoin issuer has released both a rebasing and wrapped version of USDM that offers yield slightly below the current fed funds rate to end users. USDM is a fully backed stablecoin backed by USDM reserves, held under custody with regulated financial institutions in bankruptcy-remote accounts, segregated from the company's operating accounts. USDM rebases daily, allowing users to receive rewards.
Sector
Stable - Fiat
Industry
Stablecoins
Website
