Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers.
Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers. The initiative receives USDT and automatically converts it to USDM, allowing users to benefit from the yield that Mountain Protocol generates from its T-Bill holdings.
The assets are safeguarded in a self-custodial wallet, giving users total control of their funds at any time. This functionality will be implemented gradually, initially available to a select group of users and then rolled out to all.
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