M^0 is a stablecoin minting protocol based on Ethereum where approved entities can create a stablecoin called M, which is 'overcollateralized by U.S. Treasuries only.' To mint M, entities need permission from the protocol's governance. Once approved, they provide their own standardized 'high-quality' collateral, which independent validators check to ensure it meets the standards.
Market
Cryptocurrency
Coinvestors
Bain Capital Crypto, Galaxy Ventures, GSR, Caladan, SCB 10X