Funding Details
- Awarder
- Inbox
- Date Award
- June 06, 2024
- Vertical
- Blockchain
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2023
- Founders
- Martin Carrica
- Company Description
- Mountain Protocol offers a yield-bearing stablecoin USDM 'entirely backed by US treasuries.' The company plans to increase the total supply of USDM from 50 million tokens to 500 million tokens. The stablecoin is mainly used to manage treasuries of decentralised autonomous organisations (DAOs) and will soon be available for other use cases.
- Market
- Crypto
- Location
-
US
- Coinvestors
- Castle Island Ventures, Coinbase Ventures
Links