The issuer of the US dollar stablecoin USDM, Mountain Protocol, has completed its seed round financing, led by Nic Carter

ChainCatcher news, according to The Block, the dollar stablecoin USDM issuer Mountain Protocol announced the completion of its seed funding round, led by Castle Island Ventures co-founder Nic Carter, with participation from Coinbase Ventures, Nansen CEO Alex Svanevik, New Form Capital, Daedalus, and OpenZeppelin CEO Demi Brener.

It is reported that Mountain Protocol launched a yield-generating stablecoin called USDM, which received a digital asset issuance license from the Bermuda Monetary Authority on July 27.