Mountain Protocol USDM
Peers · Yield Stablecoins
AVG 5.60% · BENCH 2.00%| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| sUSDf | Falcon Finance | Variable (~6-9%) | +700bp | MEDIUM-HIGH | None |
| USR | Resolv Labs | ~7-9% | +700bp | MEDIUM-HIGH | None |
| lvlUSD | Level (Peregrine) | ~5-8% | +600bp | MEDIUM-HIGH | None |
| sUSDai | usd.ai | ~7.7% | +570bp | HIGH | None |
| USDM ◂ | Mountain Protocol | ~5% | +300bp | LOW | None |
| USDL | Paxos International | ~5% | +300bp | LOW | None |
| sUSDe | Ethena Labs | ~4.6% | +260bp | MEDIUM-HIGH | None |
| sfrxUSD | Frax Finance | ~4.1% | +210bp | LOW-MEDIUM | None |
| YLDS | Figure Markets | ~4% | +200bp | LOW-MEDIUM | None |
| USDN | Noble | ~4% | +200bp | LOW-MEDIUM | None |
| sUSDS | Sky (MakerDAO) | ~3.52% | +152bp | LOW | None |
| USD0++ | Usual | ~3.31% | +131bp | MEDIUM | None |
Description
ISSUER DOCSRegulated (Bermuda Monetary Authority) yield-bearing stablecoin: rebases daily, backed by short-term US Treasuries. The 'compliance-first' counterpart to DeFi-native yield stablecoins.
Buying · Q&A
3 QUESTIONSHow do I buy USDM?+
Mint at mountainprotocol.com (KYC) or buy on a DEX. The token runs on Ethereum (+L2s). Minimum: None.
Where can I buy USDM?+
USDM trades on 2 exchanges and DEXs. By 24-hour volume the largest are Uniswap V3 (Celo) (USDT/?), Uniswap V3 (Celo) (USDM/USDM) (CoinGecko, 2026-10-13). Check that the venue serves your country before you sign up.
Do I need KYC to buy USDM?+
Not on the secondary market: USDM can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.
Where to trade
2 VENUES · 24H VOL| VENUE | PAIR | VOL | SPRD |
|---|---|---|---|
| DEXUniswap V3 (Celo) ↗ | USDT/? | $26 | 0.74% |
| DEXUniswap V3 (Celo) ↗ | USDM/USDM | $15 | 0.82% |
CoinGecko tickers · 2026-10-13 · not a recommendation of any venue — check access, fees and whether the venue serves your country.
Issuer · primary market
SUBSCRIBE / REDEEMMint at mountainprotocol.com (KYC) or buy on a DEX
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
- Yield / return
- ~5% (rebasing)
- Risk
- Low
- Minimum
- None
- Liquidity
- ERC-20, transferable; DEX liquidity
- Custody
- Self-custody
- KYC
- Required to mint
Details
- Issuer
- Mountain Protocol
- Type
- Yield Stablecoins
- Category
- Yield Stablecoins
- Yield source
- Short-term US Treasuries
- Network
- Ethereum (+L2s)
- Jurisdiction
- Bermuda (non-US persons)
- AUM
- ~$185M