Pantera-backed Injective adds USMD support with Mountain Protocol integration
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 24 2024Integration with Mountain Protocol: Injective has integrated Mountain Protocol's yield-bearing stablecoin USDM, allowing users to use it as collateral for derivatives trading and earn yields on Treasury Bill-backed assets.
Benefits for Users: This partnership enhances Injective's real-world assets ecosystem, providing users access to traditional assets without high fees or regulatory challenges associated with legacy financial providers.
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.
