Organization record
Record sog_issuer_mountain_protocol
Mountain Protocol
Former issuer and current wind-down overseer of the rebasing USDM stablecoin.
- Category
- Company or corporate group
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- BermudaCountry or territory
- Connected assets
- 1
- Relationships
- 0 current1 historical
- Evidence
- 4 source records
Identity and taxonomy
Overview
Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.| Organization category | Company or corporate group |
|---|---|
| Canonical organization type | Stablecoin Company |
| Legal form | Not recorded in canonical data |
| Legal-form state | Not Recorded |
| Regulatory character | Not recorded in canonical data |
| Jurisdiction | Bermuda |
| Jurisdiction scope | Country or territory |
| Functional roles | Legal issuer |
| Relationship states | Ended relationship |
| Primary display relationships | 1 |
| Official website | https://mountainprotocol.com/ |
| Record confidence | High |
| Last reviewed | 2026-06-15 |
- Category
- Company or corporate group
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- Bermuda
- Jurisdiction scope
- Country or territory
- Functional roles
- Legal issuer
- Record confidence
- High
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Symbol | Functional role | Display | From | Until | State | Lifecycle |
|---|---|---|---|---|---|---|---|
| Mountain Protocol USD | USDM | Legal issuer | Primary display | Not yet recorded | 2025-08-22 | Ended relationship | Winding Down |
Mountain Protocol USD
Primary display- Role
- Legal issuer
- State
- Ended relationship
- From
- Not recorded
- Until
- 2025-08-22
Material history
Events
Typed events and organization control actions remain linked to evidence.| Date | Event | Category | Subtype | Status effect |
|---|---|---|---|---|
| 2025-08-22 | Mountain Protocol advances USDM to Phase 3 wind-down | Wind-down and termination | Wind Down | Entered wind-down |
| 2023-09-11 | Mountain Protocol publicly launches USDM | Launch and introduction | Launch | Remained active |
Mountain Protocol advances USDM to Phase 3 wind-down
Wind-down and termination · Wind Down
Entered wind-downMountain Protocol publicly launches USDM
Launch and introduction · Launch
Remained activeProvenance
Evidence
Source identity, publication date, reliability, archive state, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| USDM wind-down overview Published Not yet recorded | Mountain Protocol | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Wind Down Phases, Issuance Status, Rewards Transition, Wind Down Plan | Archive index or wildcard | High |
| Mountain Protocol Phase 3 terms Published Not yet recorded | Mountain Protocol Limited | Legal terms or disclosure Canonical: Terms of Service | Subject-controlled source | Primary source | Former Issuer, Platform Redemption Termination, Wind Down Overseer, Phase3 Legal and Redemption Status | Archive index or wildcard | High |
| USDM Phase 3 ongoing proof of reserves Published Not yet recorded | Mountain Protocol | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Onchain Reserve, Stablecoin Backing, Exit Contract, Phase3 Reserve and Exit | Archive index or wildcard | High |
| Unveiling Mountain Protocol Published 2023-09-11 | Mountain Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Launch Date, Public Launch, Product Identity, Mountain Protocol and Usdm Public Launch | Archive index or wildcard | High |
USDM wind-down overview
- Publisher
- Mountain Protocol
- Published
- Not recorded
- Reliability
- High
Mountain Protocol Phase 3 terms
- Publisher
- Mountain Protocol Limited
- Published
- Not recorded
- Reliability
- High
USDM Phase 3 ongoing proof of reserves
- Publisher
- Mountain Protocol
- Published
- Not recorded
- Reliability
- High
Unveiling Mountain Protocol
- Publisher
- Mountain Protocol
- Published
- 2023-09-11
- Reliability
- High
Uncertainty
Known unknowns
Reviewed gaps remain visible instead of being converted into false certainty.final_termination_date
USDM is in Phase 3 wind-down, but a final date on which all token, reserve, wrapping, or exit functionality ends is not fixed.
- Severity
- High
- Last checked
- 2026-06-15
Keep lifecycle_status winding_down rather than terminated.
phase3_rebase_and_wrapper_state
The exact continuing behavior of USDM rebases and wUSDM conversion across all Phase 3 contracts requires on-chain verification.
- Severity
- Medium
- Last checked
- 2026-06-15
Income mechanics are recorded from the product design with a wind-down caveat.
Maintenance