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What is USDM and Why Should You Have It in Your Wallet?

El Dorado Earn

USDM is a stablecoin developed by Mountain Protocol, designed to maintain a value equivalent to the US dollar. Unlike other stable tokens backed by cash reserves or cryptocurrencies, USDM is supported by U.S. Treasury Bonds 🇺🇸, one of the most secure and reliable financial instruments in the world.

The 3 Key Features of USDM You Should Know

  • Robust Backing: Each USDM is backed by U.S. Treasury Bonds, offering exceptional stability.
  • Daily Returns: By holding USDM in your wallet, you’ll generate passive returns with a 4.5% annual rate, credited daily.
  • Transparency: USDM is a regulated asset. Mountain Protocol uses blockchain technology to ensure transparent and secure transactions.

Why You Should Have USDM in Your Wallet

  1. Protection Against Devaluation

    In economies with high inflation or currency volatility, holding assets in a dollar-backed stablecoin can help protect your money. USDM offers effective protection against local currency devaluation.

  2. Generates Returns

    Unlike other stablecoins, USDM not only maintains its value but also generates returns. Backed by Treasury Bonds, your USDM grows daily, increasing your balance over time without any additional effort.

  3. Safe and Reliable

    U.S. Treasury Bonds are considered one of the world’s safest assets. By backing USDM with these instruments, Mountain Protocol provides a reliable option to store value.

  4. Offers Freedom and Flexibility

    • Instant Liquidity: You can buy or sell USDM at any time, without friction.
    • No Fees: USDM transactions have no fees from El Dorado. You’ll find the exact exchange rate displayed on the screen when making an exchange.
    • DeFi Access: We aim to give you access to an open, decentralized financial ecosystem, with growing opportunities to maximize your returns.
  5. Maintain Full Control Over Your Assets

    By storing USDM in a self-custodial wallet, you have absolute control over your funds. This means no one else has access to your private keys, ensuring maximum security and autonomy.

Where and How to Buy USDM Easily in 3 Clicks

A simple way to acquire USDM is through El Dorado Earn, the feature that allows you to convert your USDT to USDM instantly and without fees. By doing so, you’ll start earning daily returns while keeping full control of your assets.

  1. Log into your El Dorado account or create a new one if you don’t have one yet.
  2. Open your vault in the El Dorado Earn section.
  3. Deposit USDT, which will automatically convert to USDM.

That’s it! You’re now generating returns on your digital dollars.

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CONTENT DISCLAIMER: References made to third-party names, logos, and trademarks on this website are to identify the corresponding goods and services that users of El Dorado may exchange through P2P transactions facilitated by El Dorado. Unless otherwise specified, trademark holders are not affiliated with El Dorado, our products or website, and do not sponsor or endorse El Dorado services. Such references are included strictly as nominative fair use under applicable trademark law and are the property of their respective owners. El Dorado Labs S.R.L.- Virtual Asset Service Provider (PSAV) registered under No. 63 dated August 5, 2024 in the CNV Registry of Virtual Asset Service Providers. For unresolved inquiries, you can contact ssf.gob.sv or atencionalusuario@ssf.gob.sv.