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
Est. APY	4.25%
Custody	JPM (45%), UMB Bank (40%), BNY Mellon (15%).

Asset Flow

1

Issuance

USDM is fully collateralized by segregated, bankruptcy-remote "USDM Reserves" held by regulated financial institutions.

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.

Type	Stablecoin
Website	https://mountainprotocol.com/