Yield-bearing stablecoin issuer Mountain Protocol becomes a financial management partner of the Arbitrum STEP program.

ChainCatcher news, according to official sources, the yield-bearing stablecoin issuer Mountain Protocol has become a financial management partner of the Arbitrum STEP program. After the related proposal receives broader community approval, USDM will become one of the reserve assets of the DAO treasury.

According to RootData, the yield-bearing stablecoin issuer Mountain Protocol announced the completion of an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors.