The Market Welcomes a New Stablecoin
The USDM stablecoin,backed by short-term U.S. Treasury bills, has been introduced by Mountain Protocol.This regulated coin entices holders with a 5% annual return.
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It's a creative avenue for those outside the U.S. to have an exposure to Treasury bills via crypto.
As the crypto landscape evolves, one can only hope USDM doesn't encounter the regulatory setbacks seen by coins like BUSD.
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