Interest-bearing stablecoin issuer Mountain Protocol launches on Base Chain

Odaily News Interest-bearing stablecoin issuer Mountain Protocol announced on X that it has launched on the Base chain, further expanding its ecosystem. The Base community can now obtain composable interest-bearing stablecoins fully backed by U.S. Treasuries through the protocol. In addition, Mountain Protocol plans to integrate more blockchains. Earlier in June, Mountain Protocol announced the completion of an $8 million Series A financing round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures and other investors. Mountain Protocol is the issuer of USDM, an interest-bearing stablecoin "fully backed by U.S. Treasuries."