Mountain Protocol positions and activates its conventional USDM stablecoin on Arbitrum

It has the complete support of the US Treasuries and provides an APY of 5% via daily rewards. This will enable the Arbitrum community to connect

Mountain Protocol has deployed its flagship permissionless and fully-certified stablecoin, USDM, on Arbitrum. Backed 1:1 by US Treasuries and yielding 5% APY in daily rewards, USDM is now available to the Arbitrum community.

This integration brings a fully-permissionless, yield-bearing asset to Arbitrum, completing the safest RWA available.

With USDM on Arbitrum, users can now perform DEX swaps, DEX LPing, lending and borrowing, and collateralize it for off-shoots. Additionally, users can perform interest rate swaps, hedge, or simply hold and earn a 5% APY.

Mountain Protocol is also honored to be the recipient of funds from the Arbitrum DAO via the LTIPP scheme.

Over the next 12 weeks, the team will be incentivizing users to migrate their liquidity to Arbitrum.

This integration will be followed by further integrations with protocols like Chronicle protocol, ODOS, Curve Finance, and more.