Hassan Maishera
On Sunday, the API3 team announced via X that the USDM/USD Exchange Rate is now available on the API3 Market. $USDM is a fully collateralized and permissionless yield-bearing stablecoin backed exclusively by short-term US Treasuries, designed by Mountain Protocol for institutional-grade transparency, regulatory compliance, and minimized counterparty risk.
Thanks to this latest integration, developers can start building with this new feed across 40+ blockchains.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $0.807, down 6% in the last 24 hours.
