In today's rapidly changing cryptocurrency market, stability and security have become one of the most important factors for investors and users. The Manta Foundation recently announced that it will allocate part of its stable crypto assets to wUSDM. This move not only demonstrates its commitment to financial security and stability, but also paves the way for the sustainable development of the Manta Network ecosystem.
What are wUSDM and Mountain Protocol? wUSDM is a stablecoin launched by Mountain Protocol and has historically been backed by U.S. Treasury bonds. With the addition of BlackRock’s BUIDL fund, wUSDM has become the largest Treasury-backed stablecoin with a market capitalization of $153 million and ranks third among real-world assets (RWA) protocols, demonstrating its important position in the market.
Mountain Protocol’s Liquid Staking Token (LST) wUSDM runs on Manta Pacific, providing the stability and benefits brought by traditional financial institutions through the support of U.S. Treasury bonds and BlackRock. This makes wUSDM an ideal choice for users to earn profits in the DeFi world.
Diversify and enhance treasury assets
This decision by the Manta Foundation is in line with its broader vision to diversify and enhance its treasury assets. This not only helps improve the stability of the treasury, but also brings potential revenue growth to participants. The introduction of wUSDM provides more possibilities for the Manta Network ecosystem.
Yield opportunities with wUSDM: On Manta Pacific, Mountain Protocol’s yield stablecoin was introduced for the first time by programs like New Paradigm and Renew Paradigm. These programs bring unprecedented revenue opportunities to various DeFi protocols in the Manta Network ecosystem.
During the New Paradigm event, wUSDM was introduced to Manta Pacific, allowing users to stake USDC and earn wUSDM. This move resulted in over $132 million in wUSDM being minted, providing participants with significant earning opportunities. Users can be exposed to additional revenue opportunities generated by the revenue nature of wUSDM, further enhancing its influence in the DeFi field.
The bridge between traditional finance and decentralized finance
The launch of wUSDM is not only a major upgrade to Manta Network, but also builds a bridge between real-world assets (RWA) and decentralized finance (DeFi). Backed by U.S. Treasuries and BlackRock’s BUIDL Fund, it demonstrates how real-world assets can be leveraged to bridge the gap between traditional and decentralized finance. This not only provides Manta users with on-chain treasury benefits, but also consolidates RWA’s role in the modern financial ecosystem.
in conclusion
The Manta Foundation allocates part of its reserve funds to wUSDM, highlighting its commitment to continuously improving financial security and stability within the Manta Network. By leveraging the advantages of traditional financial institutions brought by Mountain Protocol’s wUSDM, we aim to provide the community with more revenue opportunities and further strengthen the stability of the ecosystem.
About Manta Network
Manta Network is a modular blockchain designed for zero-knowledge (ZK) applications. Our Manta Pacific ecosystem focuses on EVM-native ZK applications and decentralized applications (dApps) to provide users with the lowest cost and best experience. By leveraging Manta's universal circuitry to provide ZK-as-a-Service and Celestia's data availability, we are committed to providing low-gas and high-performance blockchain solutions.
In this rapidly changing market, Manta Network's pace of innovation will bring more opportunities to users and lay a solid foundation for the future of cryptocurrency.