Stablecoin Issuer Mountain Protocol Completes $8 Million Series A Funding

Mountain Protocol, the issuer of the income-stable coin, has announced the completion of an $8 million Series A financing round, with Multicoin Capital leading the investment and Castle Island Ventures, Coinbase Ventures, and other investors participating. Mountain Protocol is the issuer of USDM, a "completely backed by US Treasury bonds" income-stable coin. (Theblock)