Mountain Protocol Raises $8M from Multicoin
June 6: Mountain Protocol has raised $8 million from Multicoin Capital. The project issues the yield-bearing stablecoin “USDM,” backed by US Treasuries and regulated by the Bermuda Monetary Authority. In a blog post announcing the investment, Multicoin said it hoped Mountain Protocol’s regulatory approach would differentiate it from others in the yield-generating stablecoin space.
Jiritsu Integrates with BlackRock
June 6: EXCLUSIVE – Jiritsu, a layer one blockchain platform focused on real-world assets (RWAs), is integrating with BlackRock to enhance RWA transparency and verification. This partnership includes proof of reserves for RWAs, providing on-demand verification,” a representative for Jiritsu told CoinDesk. “Initial integrations involve BlackRock’s BUIDL tokens and Bitcoin ETF, bringing verified asset data on-chain.”
Fleek Network Launches Public Testnet
June 6: Fleek, a blockchain-based cloud infrastructure platform, is launching its testnet. With the launch and a new partnership with Polygon, the project “is gearing up to enable these platforms—and projects building on Polygon—to move beyond cloud tech and decentralize their backend to engender a more performative, cost-effective, and decentralized approach to onchain hosting,” the project told CoinDesk. “Fleek works with 50,000 apps on their front end, allowing the likes of ENS, Dappradar, Synthetix, and even Vitalik Buterin’s website, Vitalik.eth, to host their sites via web3 infra,” it added.
