Mountain Protocol’s USDM natively deploys on ZKsync Era
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 20 2025Launch of USDM on ZKsync Era: Mountain Protocol has introduced its yield-bearing stablecoin, USDM, on the ZKsync Era platform, allowing users to earn a 4.7% annual yield from tokenized Treasury bills while utilizing it in decentralized finance (DeFi) activities.
Functionality and Availability: Both USDM and its wrapped version wUSDM are now available for trading on the ZKsync DEX SyncSwap, enhancing the ecosystem's yield rates, although USDM is not accessible to U.S. citizens or residents of restricted jurisdictions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
