The stablecoin USDM under the stablecoin protocol Mountain Protocol has been launched on DeGate

ChainCatcher news, the stablecoin USDM under the stablecoin protocol Mountain Protocol has been launched on DeGate DEX, with the trading pair USDM/USDC. USDM is fully backed by short-term U.S. Treasury bonds and provides users with daily rewards in the form of Rebase, currently with an annual interest rate of 5%. Non-U.S. users can also hold USDM to earn stablecoin yields, aiming to provide users outside the U.S. with the opportunity to access U.S. Treasury yields. Currently, USDM can only be traded on DeGate DEX and Curve.