USDM

Mountain USDM

Mountain Protocol's yield-bearing dollar — a regulated rebasing stablecoin paying daily T-bill yield to non-US holders.

USDM is issued by Mountain Protocol (Bermuda DABA-licensed). Backed 1:1 by short-duration US Treasuries; rebases daily to distribute yield. Available to non-US persons under a Reg-S structure.

See on StableLens

/stablecoins/USDM — live data, risk grade, and methodology citation.

Related terms

RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.
T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.
Rebasing stablecoinA stablecoin whose balance changes algorithmically in each holder's wallet to maintain a target price or yield.