Mountain Protocol
Stablecoin Protocol
Mountain Protocol
@Mountain ProtocolFollowers8.61 K
Following4
Influence Index384
Related News
Mountain Protocol raises $8m to bring USDM stablecoin to Solana, real-world businesses
DL News 2024-06-07
S&P Global Ratings deems Mountain Protocol's USDM as 'adequate' in new Stablecoin Stability Assessment report
The Block 2024-03-19
Mountain Protocol's USDM Quietly Becomes Largest Treasury-Backed Stablecoin
The Defiant2024-02-09
Similar Projects
*If it’s not clickable, it means no detailed information is available.
OlympusDAO
Decentralized reserve currency protocol
M^0
Money middleware for the digital age
Prisma Finance
LST-backed Stablecoin Protocol
Ethena
ETH based delta-neutral stablecoin
Reserve protocol
Decentralized stablecoins platform
Resolv
Delta-neutral stablecoin protocol 
OIN Finance
Multi-chain stablecoin issuance platform
Gyroscope
Self-stable, reserve-backed stablecoin protocolMountain Protocol allows Primary users (users with an approved Mountain Protocol account) to purchase and redeem USDM at a pegged value of $1. It allows users to gather digital asset wallet addresses and wire details to fund their accounts. All funds in the platform are auto-converted to USDM once settled. The USDM balance can be withdrawn via direct transfer to an allowed EOA in USDM or USDC or to a bank in USD.
Team Members
Martin CarricaCo-founder & CEO
Matías CaricatoCo-Founder
Erika GonzalezChief Compliance and Risk Officer
Investors
Multicoin Capital
Coinbase Ventures
Castle Island
Bankless Ventures
Aptos
The Venture Dept.
Wormhole Cross-Chain Ecosystem Fund
New Form Capital
Daedalus
Alex Svanevik
Ameen Soleimani
Manuel AraozD
Demi BrenerFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Series A | $8.00M | -- | 2024-06-05 |  Multicoin Capital* Coinbase Ventures+ 5 |
Seed | -- | -- | 2023-09-10 |  Castle Island*Coinbase Ventures+ 6 |