USDM

Yield-bearing Stablecoin Backed by U.S. Treasuries

Mountain Protocol is the issuer of USDM

Asset Overview

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.

Asset Details

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	View scorecard
Custody	JPM (45%), UMB Bank (40%), BNY Mellon (15%).
Site	https://mountainprotocol.com/

Asset Flow

1

Issuance

Mountain tokenizes real-world assets through its platform to create yield-generating instruments.

2

Custody & Management

JPM (45%), UMB Bank (40%), BNY Mellon (15%).

3

Fund Administration

EQ Capital manages investment operations and fund oversight. Nephos ensures the reliability and compliance of the asset and transaction processes.

About the Issuer

Mountain Protocol Limited, a Bermuda Limited company, is a licensed Bermuda Monetary Authority (BMA) Digital Asset Business.