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Injective Integrates Mountain Protocol, Becoming the First Chain to Offer USDM as Collateral for Derivatives

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T-Bill-backed USDM will be available on Injective, with Helix as the first dApp to support both spot and derivatives trading.

NEW YORK, July 24, 2024 /PRNewswire/ — Injective, the blockchain optimized for finance, today announced its integration of Mountain Protocol (“Mountain”), the issuer of USDM, the first regulated, permissionless and yield-bearing stablecoin. This integration marks the first time users can earn yield on USDM’s Treasury Bill (T-Bill) backed assets, while also using it as margin for trading derivatives. It is also the first instance where USDM can be used as margin for trading perpetuals within the broader crypto industry.

The introduction of USDM is a significant addition to real-world assets (RWAs) in the Injective ecosystem, enabling users to directly earn yields that would traditionally go to third parties.

Eric Chen, co-founder and CEO of Injective Labs, commented: “Injective’s collaboration with Mountain Protocol unites traditional and decentralized models to a point where everyday users can leverage the advantages of both models. The availability of compliant stablecoins like USDM expands transaction opportunities using institutional grade RWAs, with US Treasury support ensuring both long term security and sustainability. Simultaneously, Injective now provides a gateway for traditional assets that bypass fees alongside regulatory and economic inefficiencies associated with middlemen such as large banks, bringing full ownership of yields back to the individual.”

USDM is distinctive among comparable stablecoins, e.g., USDC, with its backing by T-Bills, held within the USDM Reserves. Widely regarded as the safest, most regulated USD assets, USDM Reserves are held under custody by several highly regarded global financial institutions and audited by OpenZeppelin, the world leader in securing blockchain applications and smart contracts.  A major advantage of USDM is its liquidity across compatible decentralized exchanges and protocols. Users will experience a trading environment similar to that of non-tokenized T-Bills on traditional centralized exchanges thanks to Injective.

Martin Carrica, co-founder and CEO of Mountain Protocol stated: “We’re seeing a high level of interest in USDM in the market, evidenced by its trading volume and secondary market liquidity nearly doubling that of other yield-bearing stablecoins. Injective’s decentralized network makes this integration a natural fit, further bolstering the adoption and accessibility of yield-bearing assets for everyday users.”

This integration marks the first time USDM can be used as margin for trading derivatives, significantly enhancing capital efficiency and returns by generating passive income even when locked. As a result, users trading with USDM can participate in on-chain markets while earning a yield. This in turn reduces opportunity costs, improves risk management by offsetting potential losses with yield, and boosts market liquidity and stability. By diversifying income sources and aligning incentives among stakeholders, this integration optimizes USDM for everyday use.

USDM is a major milestone in Injective’s path to converge TradFi and DeFi by continually bringing new RWAs. Helix, the premier DEX in the Injective ecosystem, currently offers EU, US, and APAC currency pairs plus commodity pairs (gold, silver), with more to join. Helix will be the first dApp to offer and utilize USDM for trading derivatives.

Learn more about Injective’s Mountain integration in this blog.

About Injective
Injective is a lightning-fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

About Mountain Protocol
Mountain Protocol is the issuer of USDM, the next generation stablecoin. USDM is the first regulated, permissionless, and yield-bearing stablecoin, fully backed by US Treasuries. USDM follows a proven security model used by all the well-known stablecoins, sharing real yield with holders, currently at a 5% APY. Mountain Protocol is a prudentially-regulated financial entity, compliant with the regulations of the Bermuda Monetary Authority (License #202302512).

Learn more about the latest from Injective on Twitter/X or https://injective.com/. Connect on Discord.

Media Contact
M Group Strategic Communications
injective@mgroupsc.com

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SOURCE Injective Labs

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Waters Corporation to Host Investor Day on March 5, 2025

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MILFORD, Mass., Jan. 10, 2025 /PRNewswire/ — Waters Corporation (NYSE:WAT) announced that it will host an Investor Day on Wednesday, March 5th, 2025, in New York City, starting at 8:30 AM ET.

The event will feature presentations by members of the senior management team, who will discuss business initiative achievements, new strategic priorities, and our vision for future shareholder value creation. A Q&A session will follow.

In-Person Attendance
To request in-person attendance at this event, please click here or visit the Waters Investor Relations website at https://ir.waters.com, under ‘Events’.

Webcast
A live webcast will be available the day of the event. To register for the webcast, please click here or visit the Waters Investor Relations website at https://ir.waters.com, under ‘Events’. A replay of the webcast will be available shortly after the event concludes.

About Waters Corporation
Waters Corporation (NYSE:WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food, and environmental sciences for more than 65 years. With approximately 7,500 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

Caspar Tudor, Head of Investor Relations
investor_relations@waters.com

View original content:https://www.prnewswire.com/news-releases/waters-corporation-to-host-investor-day-on-march-5-2025-302348226.html

SOURCE Waters Corporation

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As Retail Cybercrime Surges, Plank Road Ventures To Present Technology Solutions At NRF 2025 Big Show

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HOBOKEN, N.J., Jan. 10, 2025 /PRNewswire/ — Credit cards and other non-cash payment methods now account for some 80% of purchasing activity, according to some reports. It’s convenient for consumers, but each retail transaction may expose vital shopper information to nation-state and other cybercriminals. Consumers are inconvenienced, while retailers may suffer reputational and financial damage.

To combat the upsurge in digital incursions, Plank Road Ventures — an eMazzanti Technologies company — will present artificial intelligence, cybersecurity best-practice and other retail solutions at the NRF (National Retail Federation) 2025 Retail’s Big Show at Booth 2306, in the Startup Hub of New York City’s Jacob K. Javits Convention Center from January 12 through January 14, 2025.

“The rise in credit card, digital and other payment methods have made retailers a rich target for cyberthieves,” warns eMazzanti Technologies President Carl Mazzanti. “POS systems, for example, can store customer information and purchase history, enabling retailers to capture the information they need to inform targeted marking campaigns and personalized shopping experiences. But POS transactions also pose an attractive target for cybercriminals, and a successful data breach will have far-reaching consequences.”

Plank Road Ventures, a global managed services provider, partners with leading companies like Microsoft, Watchguard, HP, and I3 Communications to help retailers deploy technology that improve and secure their operations and store strategies, while enhancing customer experience and engagement. Retailers can meet with trained professionals from Plank Road Ventures at the NRF 2025 Retail’s Big Show, and learn about leading-edge POS and other solutions.

About eMazzanti Technologies
eMazzanti’s team of trained, certified IT experts deliver rapid response, increased revenue growth, data security, and productivity for organizations of all sizes. The firm offers cloud and mobile solutions, multi-site technology implementations, outsourced network management, 24 x 7 support, digital marketing services, and cyber security assessments and protection services.

About Plank Road Ventures
Our team of experienced retail experts works with clients to understand their specific requirements and recommend the best options. Specializing in store operations and support, the team is available 24x7x 365.

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SOURCE Plank Road Ventures

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Kevin Lanouette Named Senior Vice President and General Counsel

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BEDFORD, Mass., Jan. 10, 2025 /PRNewswire/ — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that Kevin Lanouette has been named Senior Vice President and General Counsel, effective January 17, 2025. Tonya Drake, the Company’s Executive Vice President and General Counsel, will transition to an advisory role ending March 7, 2025.

“I’d like to thank Tonya for her many years of service to iRobot,” said Gary Cohen, iRobot CEO. “Her legacy of tenacity and rigor in protecting the iRobot Company and our brand has been exemplary.”

“Kevin is a seasoned and highly skilled attorney whose experience in advising on complex corporate and securities, commercial, M&A and IP protection matters will be invaluable as we execute our strategic initiatives and work toward a return to profitable growth,” said Cohen.

Formerly, Mr. Lanouette was a Partner at OutsideGC, a Boston-based law firm, where he specialized in providing strategic legal counsel to clients at all stages of development and across a broad range of industries, including technology development, software and services and healthcare. Previously, he served as Assistant General Counsel at Analog Devices, Inc., a leading global semiconductor manufacturer, from 2006 to 2020, where he had responsibility for several critical legal functions, including corporate, SEC and securities matters, IP licensing and technology transfers, M&A and investments, global commercial transactions, and governance and compliance issues.

He is a graduate of the University of Maine and Harvard Law School.

About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com

For iRobot Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to iRobot Corporation’s expectations concerning executive transitions and execution of the company’s strategy. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot, see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

 

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SOURCE iRobot Corporation

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