Stablecoin middleware protocol. ~$779M supply minted. Powers USDN, USD0, mUSD, and more.
Overview
Ticker
M
Backing type
RWA-backed
Market cap
$100M+
Peg currency
USD
Issuer
M^0 Foundation
Auditor
On-chain verifiable (Chronicle oracle attestation)
Yield rate
~4-5% (yield passed to M token holders via earn mechanism)
Launch year
2024
Reserves
US T-bills held by approved minters via independent custodians
Supported Chains
Ethereum
Regulatory
MiCA compliant
No
Jurisdiction
Decentralized protocol (Swiss foundation)
Features
Programmable✓
Rebaseable—
Permissioned✓
Cross-chain—
DeFi integrated✓
Institutional grade✓
Use Cases
Stablecoin middleware/infrastructureProgrammable money layerInstitutional mintingBuilding stablecoins on top of M
Connected Companies (1)
Networks / L1s & L2s