The next-gen stablecoin. Regulated. Permissionless. Yield-bearing.
Bermuda
Joined April 2023
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Mountain Protocol is proud to join Anchorage Digital, home to the only federally chartered digital asset bank in the U.S.
Together, we’re building the next chapter for stablecoins.
USDM wind down update
As part of the USDM wind down, today marks the beginning of Phase 2 - with the reward rate of USDM now set to 0%.
We are also announcing the upcoming Phase 3, which gives better access to long tail holders to redeem USDM over time, by moving reserves on chain and closing down the primary market.
Phase 3 will kick in on July 12th at the earliest, with the concrete day to be announced at least a week before.
NOTE: Phase 3 involves a change in terms and conditions. For more information about the USDM wind down or about Phase 3, please visit our documentation.
FAQ: docs.mountainprotocol.com/us…
New T&C: docs.mountainprotocol.com/le…
This is the last tweet in this thread.
USDM is not available to US citizens and other restricted countries, or for restricted activities. Ensure compliance with applicable regulations before proceeding. Mountain Protocol assumes no liability for misuse or violation of applicable regulations.
For more information, please see our Terms and Conditions.
Mountain Protocol retweeted
Mountain Protocol is proud to join Anchorage Digital, home to the only federally chartered digital asset bank in the U.S.
Together, we’re building the next chapter for stablecoins.
As part of the acquisiton, Mountain Protocol will commence the orderly wind down of USDM.
Learn more:
medium.com/@MountainUSDM/mou…
This is the last tweet in this thread.
USDM is not available to US citizens and other restricted countries, or for restricted activities. Ensure compliance with applicable regulations before proceeding. Mountain Protocol assumes no liability for misuse or violation of applicable regulations.
For more information, please see our Terms and Conditions: docs.mountainprotocol.com/le…
Mountain Protocol retweeted
Big news: @MountainUSDM is now part of @Anchorage
We built Mountain from scratch. Infra, compliance, smart contracts, you name it. Shipped USDM, the first regulated yield-bearing stablecoin. Battle-tested, production-grade, ready for scale.
Now we’re taking it to the next level. With Anchorage, we’re doubling down on institutional-grade crypto.
Grateful to everyone who helped us build this beast. Let’s keep shipping.
Mountain Protocol wUSDM vaults are now available on @Superformxyz
Access USDM 4.5% APY with 10x CRED rewards using any chain, any asset, one tx.
superform.xyz/protocol/mount…
Extra yield can be earned on top by lending wUSDM through @MorphoLabs and @eulerfinance vaults, also seamlessly accessible through Superform UI.
superform.xyz/vault/Z_rzJg1g…
superform.xyz/vault/uOyyiSJl…
This is the last tweet in this thread.
USDM is not available to US citizens and other restricted countries, or for restricted activities. Ensure compliance with applicable regulations before proceeding. Mountain Protocol assumes no liability for misuse or violation of applicable regulations.
For more information, please see our Terms and Conditions: docs.mountainprotocol.com/le…
Mountain Protocol is partnering with @Borderlessxyz to integrate our yield-bearing stablecoin into global payments.
6/ Find more about our partnership on this post:
borderless.xyz/insights/moun…
7/ This is the last tweet in this thread.
USDM is not available to US citizens and other restricted countries, or for restricted activities. Ensure compliance with applicable regulations before proceeding. Mountain Protocol assumes no liability for misuse or violation of applicable regulations.
For more information, please see our Terms and Conditions: docs.mountainprotocol.com/le…
3/ Traditional sponsor banks capture yield on fintech deposits. With stablecoins, fintechs can own that yield instead.