TechFlow News, Mountain Protocol, the issuer of yield-bearing USDM stablecoin, has raised $8 million in a Series A funding round led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors.
Mountain plans to increase USDM issuance by expanding support for emerging blockchains such as Solana, Aptos, Sei, and Monad, and integrating into more DeFi protocols.
The company aims to grow the USDM supply tenfold by the end of this year to 500 million tokens, and another tenfold by 2025 to reach 5 billion tokens.




