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.
Manta Network's Stablecoin wUSDM Gains Support From BUIDL Fund
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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