DeGate has launched the stablecoin USDM.

Janak9955

DeGate, the order book decentralized exchange based on ZK Rollup, has launched the stablecoin protocol Mountain Protocol's stablecoin USDM, supporting the USDM/USDC trading pair. In previous news, Mountain Protocol, the yield stablecoin, announced the completion of its seed round of financing, led by Nic Carter of Castle Island Ventures, with participation from Coinbase Ventures, New Form Capital, Daedalus Angels, and others. Additionally, Wintermute has entered into a partnership with Mountain Protocol to enhance USDM liquidity. This collaboration provides non-U.S. users with a way to access U.S. Treasury yields and allows users to exchange USDM for USDC at any time through Wintermute's liquidity supply, avoiding bank-side risks for USDM reserves.

Jafar224

It's worth exploring this stablecoin.

Isha000

There are certain risks associated with it.

Yamini003

So, there's a stablecoin that has been launched?