USD

Mountain Protocol USD

Q: What is the current yield on USDM?

USDM currently offers 3.95% APY. The 30-day average yield is 3.98%.

$USDM

Mountain ProtocolTreasurieslow risk Audited

Yield-bearing stablecoin backed by short-term U.S. Treasuries. Rebases daily to distribute yield. Permissionless for non-U.S. users.

Current APY

3.95%

Total Value Locked

$185.00M

+15.40%30d

Price

+0.00%24h

Holders

12.4K

Market Cap

$185.00M

Yield History

Yield vs Peers

Rank #13 of 18 in Treasuries

CETES10.00%

DROP6.00%

USDY4.90%

tfBILL4.50%

bIB014.25%

fUSDC4.25%

TBY4.25%

TBILL4.20%

vs Benchmarks

US 10Y Treasury

4.25%-0.30%

High-Yield Savings

4.50%-0.55%

Treasuries Avg

4.50%-0.55%

S&P 500 Dividend

1.30%+2.65%

Yield Calculator

Period	USDM(3.95%)	Bank Savings(4.5%)	Advantage
30 Days	+$32.47	+$36.99	-$4.52
90 Days	+$97.4	+$110.96	-$13.56
6 Months	+$196.96	+$224.38	-$27.42
1 Year	+$395	+$450	-$55

Projected returns based on current APY. Actual returns may vary. Not financial advice.

Risk Scanner

5/7 checks passed

Overall Safety Score71%

Smart ContractLow Risk

Audited by OpenZeppelin

CounterpartyLow Risk

Institutional-grade custody and management

RegulatoryCaution

No KYC — may face future regulatory scrutiny

LiquidityCaution

Moderate liquidity — 185M TVL

Chain RiskLow Risk

Available on 5 chains — well diversified

RedemptionLow Risk

No lock period — redeem anytime

Yield StabilityLow Risk

Very stable — within 5% of 30d average

Protocol Health

6/6 Healthy

Contract Status

Active

Data Feed

Live

Audit Status

Verified (OpenZeppelin)

Oracle Health

Active

Holder Activity

Active

Reserve Transparency

Verified

Entry & Exit Costs

ethereum

~$3.50~$3.50

polygon

~$0.02~$0.02

base

~$0.05~$0.05

arbitrum

~$0.15~$0.15

optimism

~$0.12~$0.12

Management Fee0%

Performance Fee0%

Redemption Fee0%

Break-even Insight

On polygon, a $1,000 investment at 3.95% APY recovers gas costs (entry + exit) in 1 days.

Key Facts

Name: Mountain Protocol USD
Ticker: USDM
Category: Treasuries
Platform: Mountain Protocol
Inception: Sep 11, 2023
Management Fees: 0%

Investment Details

Min. Investment: $1
Lock Period: None
KYC Required: No
Accredited Only: No
Eligible Investors: All Investors
Available Chains: ethereum, polygon, base, arbitrum, optimism

Market Data

TVL: $185.00M
Price: $1
Market Cap: $185.00M
Holders: 12,400
7D APY: 3.92%
30D APY: 3.98%
Risk Level: low risk
Audit Status: audited (OpenZeppelin)

Chain Distribution

Network	TVL	Share	Contract
ethereum	$111.00M	60.0%	0x59D9...508C
polygon	$18.50M	10.0%	—
base	$18.50M	10.0%	—
arbitrum	$18.50M	10.0%	—
optimism	$18.50M	10.0%	—

How to Buy USDM

USDM is available on ethereum, polygon, base, arbitrum, optimism. No KYC required. Min. investment: $1.

Similar Treasuries Assets

BUIDL

BlackRock USD Institutional Digital Liquidity Fund

3.43%$1.78B

USDY

Ondo US Dollar Yield

4.90%$680.00M

OUSG

Ondo Short-Term US Government Bond Fund

3.75%$520.00M

BENJI

Franklin OnChain U.S. Government Money Fund

3.54%$894.00M

Frequently Asked Questions

What is Mountain Protocol USD?

Yield-bearing stablecoin backed by short-term U.S. Treasuries. Rebases daily to distribute yield. Permissionless for non-U.S. users.

What is the current yield on USDM?

USDM currently offers 3.95% APY. The 7-day average is 3.92% and 30-day average is 3.98%.

Is USDM safe?

USDM has a low risk rating and a tokenomics score of B. It is audited by OpenZeppelin. Always do your own research before investing.

How do I buy USDM?

USDM is available on ethereum, polygon, base, arbitrum, optimism. No KYC is required. Minimum investment is $1.

What chains is USDM available on?

USDM is deployed on Ethereum, Polygon, Base, Arbitrum, Optimism. Each chain may have different liquidity levels and gas costs.

Last updated: Mar 28, 2026, 9:29 AM