Searching for Alpha: Mountain Protocol

Centralized (fiat-backed) stablecoins are one of the major pillars of the crypto ecosystem. They act as digital units of stable value in the realm of volatility, as well as bridges that reliably connect traditional financial systems and the blockchain space.

For instance, stablecoins such as USDT and USDC are heavily used as the denomination (i.e., quote asset) of trading pairs across crypto exchanges. It also facilitates near-instant low-fee cross-border settlement for payment giants such as Visa. On the other hand, they can be issued and redeemed on demand as their issuers act as on- and off-ramp service providers.