#MountainProtocol

How to Build a Mountain Protocol USDM Tracker with CoinMarketCap API

Mountain Protocol has established a significant presence in the RWA sector by launching USDM, a regulated, yield-bearing stablecoin backed entirely by short-duration U.S. Treasury Bills. Operating under a digital assets business license from the Bermuda Monetary Authority, the protocol differentiates itself from competitors like Ondo and Usual by combining regulatory oversight with a permissionless structure. The asset utilizes a daily rebasing mechanism that automatically distributes T-bill yields to holders without requiring staking or locking. As of early 2026, USDM has achieved a supply exceeding $500 million across the Ethereum, Polygon, Arbitrum, and Base blockchains. Integration into major DeFi platforms such as Morpho and Pendle has further solidified its utility within the ecosystem. Because USDM is designed to maintain a stable price near $1.00, market participants are encouraged to monitor market capitalization growth rather than price volatility as the primary indicator of adoption. This development highlights the growing trend of integrating traditional financial instruments into decentralized finance through transparent, regulated on-chain vehicles.

coinmarketcap.com·2h ago