DEX DeGate, an order book based on ZK Rollup, has launched the stablecoin USDM of Mountain Protocol, a revenue stablecoin protocol, and supports the USDM/USDC trading pair.
According to previous news, the income stablecoin Mountain Protocol announced the completion of a seed round of 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 cooperation provides non-U.S. users with access to U.S. Treasury yields and will also allow users to exchange USDM for USDC at any time through Wintermute’s liquidity supply, avoiding the bank-side risk of USDM reserves.