Series A Round
Funding Details
Mountain USD is the issuer of M^0, a next-generation yield-bearing stablecoin, which has recently launched its mainnet. The company aims to provide a stable digital asset that generates yield while being backed by US Treasuries, ensuring security and reliability for its users. This innovative approach positions Mountain USD as a key player in the evolving landscape of digital currencies. The Series A funding will be utilized to enhance product development, expand market reach, and strengthen regulatory compliance. The funding round was led by Bain Capital Crypto, with participation from notable investors including Galaxy Digital, Wintermute, GSR, Caladan, and SCB 10X.
Confidence Score
Participating Investors
Bain Capital Crypto backs renegades and pioneers building the next generation of open internet infrastructure. We make concentrated investments in inn...
GalaxyHQ is a venture capital firm focused on investing in innovative companies that are building an onchain future across crypto protocols, software ...
Wintermute is a leading crypto market maker and liquidity provider dedicated to supporting innovation in the blockchain ecosystem. The firm engages in...
GSR is a global leader in crypto trading and market-making, specializing in providing liquidity, trading, and risk management solutions in the digital...
Caladan is a leading crypto trading firm specializing in market-making and digital asset trading across 1000+ assets on 65+ exchanges since 2017. The ...
SCB10X is the venture capital arm of Siam Commercial Bank, focusing on innovative technology startups that can drive digital transformation in financi...
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