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Massachusetts based yield-bearing stablecoin issuer raised $8m in Series A funding led by Multicoin Capital.
"Market makers and traders are holding about 20% of their book on stablecoins. If they are able to hold that book on yield-bearing stablecoins and then continue engaging in their activity, they are very interested in doing the swap,"
https://www.theblock.co/post/298910/yield-bearing-stablecoin-mountain-protocol-funding
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