Ramazan Eles 
Manta Network has announced the launch of wUSDM through Mountain Protocol with the support of BlackRock’s BUIDL Fund.
The announcement highlights that wUSDM, issued via Manta Network’s Mountain Protocol, is now backed by BlackRock’s BUIDL Fund.
“We are proud to announce that Manta Network’s on-chain yield-generating stablecoin wUSDM, distributed via the Mountain Protocol on Manta Pacific, is now supported by BlackRock’s BUIDL Fund. This initiative is facilitated through Securitize, BlackRock’s tokenization platform and transfer agent for BUIDL,” the statement reads.
USDM, a stablecoin historically backed by U.S. Treasury bonds and distributed by the Mountain Protocol, will now also receive support from BlackRock’s BUIDL Fund.
Following this news, the price of MANTA experienced a significant surge.
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