According to Odaily, Manta Network has announced that its blockchain-based stablecoin wUSDM, deployed on Manta Pacific by Mountain Protocol, has received backing from the BUIDL Fund. It's worth noting that wUSDM is a stablecoin deployed by Mountain Protocol, historically backed by US Treasury bonds. Now, the support for wUSDM has been extended to include backing from the BUIDL Fund. This development marks a significant milestone for Manta Network and its stablecoin, as it continues to gain traction and support in the cryptocurrency market.
