Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Fast-growing stablecoin issuers typically use the M^0 infrastructure to launch their tokens.
ADOPTION NEWS

Fast-growing stablecoin issuers typically use the M^0 infrastructure to launch their tokens.

By Crypto FlexsDecember 19, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Fast-growing stablecoin issuers typically use the M^0 infrastructure to launch their tokens.
Share
Facebook Twitter LinkedIn Pinterest Email

Stablecoin infrastructure provider M^0 has signed its second integration agreement with Usual, a fast-growing fiat-backed stablecoin issuer. This represents a recent diversification of Usual’s reserves, which were previously backed only by Hashnote, a tokenized money market fund built by DRW’s founders.

Usual, launched just four months ago, has set the stage for explosive growth. On Wednesday, its market capitalization surpassed $1 billion, making it the seventh-largest stablecoin. M^0 (pronounced m-zero) has also been showing remarkable growth since its launch early this year.

“We have a few expansions in the pipeline,” M^0 co-founder Gregory Di Prisco told The Block. “Putting these deals together is a two-part process. There is a technical side and a business side to the equation. From a technical standpoint, it’s very fast. “Now we can complete these tasks in weeks, and eventually we will be able to complete them in minutes.”

Di Prisco pointed out that the middleware platform could eventually become “self-service,” allowing users to create customizable “extensions” using the U.S. Treasury-backed M stablecoin platform.

“Every time you add a customization, it becomes stock,” Di Prisco said. “So the compliance features we added to Usual can now be audited and made available to everyone.” These features include the ability to blacklist addresses and unwrap UsualM tokens into M, Di Prisco noted.

“Integrating $M into the foundation of UsualM is a pivotal step in advancing our vision for stablecoins,” Usual CEO Pierre Person said in a statement. “With UsualM, we are not only launching another stablecoin, we are redefining how digital dollars can create meaningful value and impact.”

Earlier this month, the Cosmos-based Noble blockchain launched the first dollar-denominated token. USDNIt uses M^0’s technology stack.

“The Noble Dollar is in Cosmos. Normally it’s on Ethereum. And we are going to Solana soon,” Di Prisco said. “We are working with Wormhole to become multi-chain. I can’t say there is one chain that is more important than the other.”

“We are the protocol. We do everything on-chain,” Di Prisco said of customers. “Our liquidity is on-chain. Our revenue distribution is fully automated through smart contracts. We’re not trying to put a wrapper around TradFi. So I think our technology is much more attractive to the dApp space and more advanced fintechs.”

M0 announced in June that it had raised $35 million in its Series A funding round. Bain Capital Crypto led the round, including participation from market makers Galaxy Ventures, Wintermute Ventures, GSR, and Caladan. To date, only companies that financially support M0 hold the POWER tokens needed to participate in protocol governance.

How does M work?

Di Prisco said M^0’s governance system was “built from scratch” to address “voter apathy.” All POWER token holders must vote on proposals at least once a month, and if they fail to vote, their tokens will be slashed by 10% and prorated to the remaining token holders in wrapped ETH.

We also incentivize voting by offering ZERO token rewards. ZERO tokens, which are currently locked up for investors until next year, can only be obtained through voting and are “essentially where all the economic flows of the protocol go,” Di Prisco said.

M is designed to be “the most perfect approximation to holding low-risk funds that you can get,” Di Prisco said. Every issuer on the network sets up its own orphan special purpose bankruptcy vehicle to hold T-bills and then pays an “interest rate” on M generating direct returns from those holdings to the protocol.

The governance of the network then sets the “yield” paid to the set of whitelisted addresses.

“Think of M as a back-end abstraction of all collateral management,” Di Prisco said. “Yield serves as a building block for other branded stablecoins. This is our core topic. “Every application will want to control the feature set and deployment of the stablecoin in the ecosystem, including customizations such as compliance features, smart contract features, and permission lists,” he said.

“If you are considering a branded stablecoin, you should talk to us,” he said.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Elon Musk’s X Removes Crypto Emoji, Baffles Community

July 27, 2024

Cryptocurrency Investment Products See $436 Million Inflows, Ethereum Continues to Fall

September 16, 2024

KRAKEN PRO is added to the KRAKEN recommended program -a reward for invitation to a friend.

April 23, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.