Mountain Protocol has launched its yield-bearing stablecoin USDM on ZKsync Era, allowing ZKsync users to use the stablecoin in decentralized finance and earn yield from tokenized Treasury bills. USDM is an ERC-20 token pegged to the US dollar and offers a 4.7% annual percentage yield. ZKsync users can hold USDM in their wallets for daily yield, use it for payments and settlements, and utilize it in DeFi lending and trading. The wrapped version of USDM, wUSDM, reflects price appreciation as rewards accumulate. Both USDM and wUSDM are now available on the ZKsync DEX platform SyncSwap with over $5 million in liquidity. However, USDM is not available to US citizens and restricted countries.



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