What is USDM?
USDM is Mountain Protocol's yield-bearing stablecoin, backed 1:1 by short-term US Treasury bills. USDM provides DeFi users with access to risk-free Treasury yields while maintaining stablecoin utility for trading and lending.
Key Statistics
| Metric | Value |
|---|---|
| . . . . | . . . - |
| Market Cap | $200M+ |
| Backing | US T-Bills |
| Base Yield | ~5% APY |
| Primary Chains | Ethereum, Base |
How USDM Works
T-Bill Backing: Each USDM is backed by US Treasury bills held by licensed custodians. Daily Rebasing: USDM rebases daily to distribute Treasury interest to holders. Multi-Chain: Available on Ethereum and Base for DeFi integration.Yield Opportunities with USDM
Base Treasury Yield: Hold USDM to earn ~5% APY through daily rebasing. DeFi Strategies: Deploy USDM in lending protocols and DEXs. Base Ecosystem: Use USDM on Base for yield opportunities.Risk Considerations
Custodial Risk: Relies on third-party custodians for Treasury management. Regulatory Risk: RWA stablecoins face regulatory uncertainty. Rebasing Complexity: Daily rebasing may cause issues with some DeFi protocols.Frequently Asked Questions
How does USDM distribute yield?USDM rebases daily, increasing your token balance to reflect Treasury interest.
Where can I use USDM?USDM is available on Ethereum and Base, integrated with major DeFi protocols.