USDM Reserve Attestation

Mountain Protocol Limited - 2025-01-02

Engagement Details

Period Type

Monthly

Engagement Type

Examination

Standard

Other

Opinion

Unmodified

Practitioner

Nephos FZCO

Assertion Party

Management of Mountain Protocol Limited

Reserve Summary

Total Reserves

-

Circulating Supply

-

Coverage Ratio

-

Custodians

Not disclosed in report.

Scope Notes

December 2024 monthly attestation with early-January snapshot (Nephos convention). Report states USDM in circulation fully collateralized by USDM reserves as of Jan 2, 2025. Figures not surfaced in accessible sources.

GENIUS Act Disclosure Checklist

Factual observations only. See methodology.

• ✓Monthly disclosure published
• ✓Examination-level engagement
• ✗Practitioner PCAOB-registered
• ✗Composition by category disclosed

Source

Primary source PDF ↗

Source quality: Secondary Source

How to Cite

Reserve Attestation Registry. "USDM Reserve Attestation - 2025-01-02." https://grantstell.com/attestations/mountain-usdm-2024-12 (retrieved 2026-08-05).