Injective integrates Mountain Protocol to support tokenized U.S. Treasury bonds

ChainCatcher news, Layer 1 blockchain network Injective announced on its official blog that the Mountain Protocol will launch today on Injective, bringing the first native yield stablecoin (USDM) to the Injective ecosystem.

Users can now utilize USDM to develop various dApps built on Injective while still earning yields from U.S. Treasury bonds. Potential use cases include using USDM as collateral when trading derivatives, employing the asset in lending protocols, or deploying the asset to various money market platforms on Injective.