Integrating Mountain Protocol’s USDM (Built on Manta Network) on Onramp Money: Revolutionising Access to Stable Yield-Bearing Stablecoins
Mountain Protocol’s USDM is now available for purchase via Onramp Money across multiple countries, including India, Mexico, UAE, Vietnam, Kenya, Chile, Colombia, Turkey, Nigeria, Brazil, Peru, UK, Europe, and Indonesia. This integration marks a pivotal moment in the realm of stablecoins, offering users in these regions an opportunity to access the first permissionless yield-bearing stablecoin securely and conveniently.
The Mountain Protocol Story:
Launched in 2023, Mountain Protocol envisioned stablecoin holders as natural owners of the “risk-free rate” through a secure, regulated, enterprise-grade product that simply works. Regulated by the Bermuda Monetary Authority (BMA), a leading financial regulator, Mountain Protocol upholds transparency, institutional partnerships, and accessibility to the risk-free rate as its core pillars.
Transparent Asset Claim:
Mountain Protocol simplifies the connection between tokens and underlying assets, eliminating convoluted legal structures. This transparency assures users of the security and legitimacy of their investments.
Tier-One Institutional Partnerships:
As a regulated financial institution, Mountain Protocol forges partnerships with top-tier institutions, ensuring credibility and reliability within the financial landscape.
Access to the Risk-Free Rate:
By channelling yields from short-term US Treasuries, Mountain Protocol provides users with an ultra-safe yet moderate return on their USD holdings, effectively granting access to the coveted risk-free rate*.
Why USDM’s?
Instant Liquidity: USDM offers quick and seamless asset exchanges on compatible decentralised exchanges or liquidity protocols. Transactions are efficient, ensuring minimal delays or price slippage.
Security and Transparency: Built with a steadfast focus on security and trust, USDM adheres to specific regulations and compliance requirements. The reserves are held under custody by JPMorgan and audited by OpenZeppelin, ensuring code integrity and resilience against potential vulnerabilities.
Composability with DeFi Products: Designed to seamlessly integrate with ERC-20 tokens and various DeFi products, USDM allows interactions across different decentralized applications, smart contracts, and protocols within the Ethereum ecosystem.
24/7 Availability: The decentralized nature of Ethereum ensures uninterrupted accessibility and functionality, enabling users to transact with USDM at their convenience, any time of day or night.
Backed by T-Bills: USDM finds its backing in T-Bills, considered the safest USD asset, widely trusted by institutions for treasury management.
Daily Rewards: USDM holders can earn daily interest on their holdings, providing an incentive for long-term engagement and investment.
The integration of Mountain Protocol’s USDM (on Manta Network) on Onramp Money heralds a new era of accessible, secure, and yield-bearing stablecoin transactions across multiple countries. As stablecoins continue to evolve, this collaboration sets a benchmark for fostering financial inclusion and stability worldwide.
About Mountain Protocol:
Launched in 2023, Mountain Protocol envisioned stablecoin holders as natural owners of the “risk-free rate” through a secure, regulated, enterprise-grade product that simply works. Regulated by the Bermuda Monetary Authority (BMA), a leading financial regulator, Mountain Protocol upholds transparency, institutional partnerships, and accessibility to the risk-free rate as its core pillars.
About Onramp Money
Onramp.money is a leading provider of fiat-to-crypto onramp solution, offering a seamless and secure way for users to trade cryptocurrencies using their fiat currencies. Prioritising user experience and safety, Onramp.money delivers a fast, dependable, and secure platform that caters to both the purchase and sale of cryptocurrencies.
