Search results for "USDM"

13:26

Cardano founder proposes to restructure $100 million ADA reserve for enhancing Decentralized Finance ecosystem.

Gate News bot message, according to CoinDesk, Cardano founder Charles Hoskinson proposed a reserve reorganization plan. He suggested converting $100 million in ADA reserves into Bitcoin and Cardano's native stablecoins USDM and USDA, aiming to strengthen the Decentralized Finance and stablecoin ecosystem. Hoskinson pointed out that this conversion operation will not cause drastic fluctuations in market prices. He also mentioned that currently only 10% of the TVL in stablecoin issuance "is strangling Cardano." Data shows that the total TVL on the Cardano chain is $356 million, with the stablecoin portion accounting for only $31 million. Source: CoinDesk

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DEFI3.49%

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04:02

Cardano compliance stablecoin USDM has reached a partnership with Lace Wallet.

Gate News bot reported that Cardano's compliant fiat stablecoin USDM has reached a cooperation with Lace Wallet, aiming to expand its business scope and improve the on-chain availability of USDM. First, USDM will be automatically included in Lace Wallet's token directory, providing holders with native support within the wallet. In addition, the partnership will also provide in-wallet exchange integration between ADA and USDM and is expected to offer staking rewards. Lace Wallet's partnership with USDM will enable holders to use the stablecoin in Cardano's native DeFi applications. In addition, as Cardano gradually expands its Bitcoin DeFi business, USDM issuers are also committed to playing a greater role in the ecosystem.

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ADA0.07%

11:33

Anchorage Digital acquisition Mountain Protocol

ChainCatcher news, Anchorage Digital announced the acquisition of the company behind the stablecoin USDM, Mountain Protocol, integrating its team, technology, and licenses to strengthen stablecoin capabilities. The CEO stated that this move is "an important step in supporting institutional adoption of stablecoins."

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00:50

The stablecoin issuer Mountain Protocol has been acquired by Anchorage Digital and will cease the issuance of USDM.

BlockBeats news, on May 13th, according to official news, the encryption Financial Service company Anchorage Digital announced its entry into the stablecoin business through the acquisition of Mountain Protocol. As part of the acquisition, Mountain Protocol will begin an orderly termination of the USDM project.

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18:12

Anchorage Digital acquisition stablecoin issuer Mountain Protocol

Gate.io News bot message, the digital asset custody platform Anchorage Digital officially announced the acquisition of the issuer of the yield-generating stablecoin USDM, Mountain Protocol. According to CoinDesk, this acquisition plan includes the integration of Mountain's technological infrastructure, core team, and existing licensing framework. Nathan McCauley, CEO of Anchorage Digital, stated: "This move aims to promote institutional stablecoin adoption and enhance security and compliance within the global digital asset ecosystem." The acquisition transaction is currently still awaiting approval from the relevant regulatory authorities.

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00:41

Hoskinson family office invests $1.5 million to support the development of Cardano-compliant stablecoin USDM

The Hoskinson family office has invested $1.5 million in W3i Software to support the development of Cardano's first stablecoin USDM that complies with the EU's MiCA regulations. The digital dollar solution is aimed at providing stable, transparent, and compliant support for Cardano. The Chief Investment Officer of HFO will work with the W3i team to promote the adoption of USDM in traditional banks and government systems worldwide, while W3i has also initiated a community Crowdfunding campaign.

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ADA0.07%

07:28

CardanoQ3 data reveals strong ecosystem rise, Decentralization governance takes a crucial step

According to the latest Cardano Q3 report released by Messari, Cardano has made significant progress in decentralization and ecosystem expansion. The report shows that Cardano has successfully completed the first phase of the Chang hard fork, marking a key moment for ADA holders to officially embrace fully decentralized on-chain governance and laying the foundation for future on-chain decision-making. In terms of data performance, the Cardano ecosystem continues to unleash its potential. The total value locked (TVL) of Decentralized Finance (DeFi) has risen by 13.3% to reach $231.6 million. Among them, the Liqwid protocol has performed particularly well, with its TVL rising by 77.2%. In addition, the market capitalization of Stable Coin USDM has risen by a staggering 145.5% year-on-year, further consolidating Cardano's position.

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ADA0.07%

DEFI3.49%

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14:57

Ethena chooses BlackRock BUIDL, USDM, USTB, and USDS for a $46 million tokenization RWA investment.

Decentralized Finance protocol Ethena announced that it will invest its $46 million reserve fund in four tokenization funds: BUIDL, USDM, USTB, and USDS. Among them, approximately $18 million will be invested in BUIDL, $13 million in USDS, $8 million in USDM, and $7 million in USTB.

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12:18

Injective integrates Mountain Protocol to support the tokenization of US Treasury bonds

Injective announced that Mountain Protocol will launch the first native yield stablecoin USDM on its platform. Users can use USDM to trade derivatives, borrow loans, or deploy assets in currency market platforms in dApps built by Injective.

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14:10

Manta Network: wUSDM launched by Mountain Protocol has received support from BlackRock BUIDL Fund

According to official sources, Manta Network announced that the on-chain yield stablecoin wUSDM deployed by Mountain Protocol on Manta Pacific has now received support from BlackRock's BUIDL Fund. It is reported that USDM is a stablecoin deployed by Mountain Protocol and has historically been backed by US Treasury bonds. Now, USDM will also receive support from BlackRock's BUIDL Fund.

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08:03

According to official sources, Pyth Network has launched the USDM/USD price feed, which can be used on more than 60 on-chain platforms.

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15:29

PANews reported on March 19 that, according to The Block, S&P Global Ratings released its ninth stablecoin stability assessment report, this time focusing on Mountain Protocol's stablecoin USDM. The assessment, which assesses the stablecoin's ability to maintain its peg, has a USDM rating of 3, achieving an "adequate" rating. S&P Global Ratings evaluates many aspects of stablecoins, including credit risk, market risk, custody risk, reserve funds, robustness of clearing mechanisms, and available overcollateralization. Other factors such as governance, regulatory frameworks, and third-party dependencies are also considered. The company then rates these criteria, with a score of 1 being "very strong" and a score of 5 being "weak". Other stablecoins previously evaluated include USDC at 2 (strong), Tether at 4 (restricted), and DAI at 4 (restricted).

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14:20

According to the latest report disclosed by IntoTheBlock, the total lock-up position of the Real World Asset (RWA) protocol has exceeded $2.6 billion, which is equivalent to the total Market Cap of the head RWA protocol of about $2.87 billion, and the number of RWA protocol Token holders currently exceeds 127,000. In addition, MakerDAO has generated more than $100 million in APY revenue, MKR reached an average daily trading volume of $94.5 million in the second week of January, 75% of Addresses are profitable, and other assets are temporarily unable to compete with MKR trading volume, USDM reached a high of $34 million in December.

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15:04

PANews reported on October 17 that crypto market maker Wintermute has partnered with stablecoin issuer Mountain Protocol to enhance the liquidity of USDM and enable non-US users to obtain the proceeds of US Treasury bonds. The partnership will allow users to convert USDM to USDC at any time through Wintermute's liquidity supply, while avoiding the banking risk of USDM reserves.

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