DeGate has launched stablecoin USDM

Bitget App

Trade smarter

Cointime2023/11/21 03:00

By:Cointime

Order book DEX DeGate based on ZK Rollup has launched the stablecoin protocol USDM under Mountain Protocol, which supports the USDM/USDC trading pair.

Earlier, Mountain Protocol, the stablecoin for yield, announced the completion of its seed round financing, led by Nic Carter of Castle Island Ventures, with participation from Coinbase Ventures, New Form Capital, Daedalus Angels, and others.

In addition, Wintermute has partnered with Mountain Protocol to enhance USDM liquidity. This partnership provides a way for non-US users to obtain US Treasury bond yields, and will also allow users to exchange USDM for USDC at any time through Wintermute's liquidity supply, avoiding bank-side risks associated with USDM reserves.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

VNBTC, a leading cloud mining platform, has launched a new service that allows users to mine cryptocurrency without any initial investment, making crypto mining accessible to both beginners and experienced users. The platform eliminates the need for expensive hardware, technical expertise, and high electricity costs, as all operations are handled in the cloud, enabling users to start mining directly from their devices.

DeFi Planet•2025/05/08 02:33

VNBTC Launches Free Cloud Mining Platform for Effortless Cryptocurrency Income

Voltage Finance Exploiter Resurfaces, Moves $182K in ETH to Tornado Cash After Months of Silence

After more than five months of inactivity, the hacker behind the 2022 Voltage Finance exploit has resurfaced—this time, moving a portion of the stolen Ether through Tornado Cash, a privacy-focused mixer.

DeFi Planet•2025/05/08 02:33