Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized Government Bonds
ADOPTION NEWS

Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized Government Bonds

By Crypto FlexsJuly 24, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized Government Bonds
Share
Facebook Twitter LinkedIn Pinterest Email

Ted Hisokawa
24 July 2024 16:28

Injective (INJ) has launched USDM, a yield-generating stablecoin integrated with Mountain Protocol, and is strengthening the DeFi ecosystem with tokenized treasury bonds.





Injective (INJ) announced an integration with Mountain Protocol, bringing the first native yield-generating stablecoin USDM to the ecosystem. According to the Injective blog, the collaboration aims to improve the decentralized finance (DeFi) landscape by giving users the ability to utilize USDM in a variety of decentralized applications (dApps) and earn yields on Treasury bonds.

What is Mountain Protocol?

Mountain Protocol, the issuer of USDM, is backed by prominent investors such as Multicoin Capital, Coinbase Ventures, and Castle Island Ventures. Launched in 2023, Mountain Protocol aims to enable stablecoin holders to benefit from a secure, regulated, enterprise-grade product that provides users with “risk-free rates.”

Historical context

Stablecoins are typically designed to maintain a stable value relative to a specific asset, and are often backed by other low-risk liquid assets such as fiat currency reserves or Treasury bonds. Traditionally, the yield on these assets is held by the stablecoin issuer. However, Mountain Protocol’s USDM reverses this model by returning the yield to users. Currently, USDM offers a 5% yield on the principal.

What is USDM?

USDM is a stablecoin backed by government bonds that allows users to earn and maintain daily interest on their holdings. Users who hold USDM in their wallets receive a 5% yield through a process called rebasing.

How does USDM work in Injective?

USDM is introduced into the Injective ecosystem as a wrapped version, wUSDM, that reflects the current USDM price and includes yields. This approach ensures a seamless experience for end users, and the value of wUSDM will increase gradually by 5% each year, providing the same consistent yields as USDM.

Injective users can also unstake wUSDM and convert it back to USDM to receive stablecoins along with accrued profits.

Powering New Tokenized Use Cases in Injective

The integration of Mountain Protocol and Injective offers several innovative use cases. For example, USDM can be used as margin for derivatives trading on a decentralized exchange (DEX) built on Injective, allowing traders to earn profits while trading. This is the first time that USDM can be used as margin for derivatives trading.

These use cases improve capital efficiency and passive yield generation for users. Utilizing USDM in Injective can reduce opportunity costs, improve risk management by offsetting potential losses with profits, and increase market liquidity and stability.

RWA of Injective

This integration marks a significant milestone in the evolution of asset tokenization on Injective. This collaboration bridges the gap between traditional and on-chain finance, creating a seamless path for users to interact with both models. With regulated and yield-generating stablecoins like USDM available within the Injective ecosystem, tokenized offerings on Injective are enhanced and its position as a blockchain built for finance is solidified.

The integration of Mountain Protocol and Injective and the introduction of USDM heralds a new era of innovation and convergence in the financial world. As traditional finance (TradFi) and decentralized finance (DeFi) continue to converge, Injective will play a key role in shaping the future of finance.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025
Most Popular

Argentina will accept Bitcoin for contractual agreements, new minister says

December 22, 2023

The music industry is eyeing DeeStream pre-sales after joining Ethereum and Avalanche whales.

February 19, 2024

BNB Incubation Alliance (BIA) to Hold 3rd Event at Singapore Token 2049

September 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.