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MONEY MIDDLEWARE FOR THE DIGITAL AGE

The digital age demands open, decentralized, interoperable money technology. M^0 powers the first open federation of stablecoin issuers, built on a decentralized architecture and best-in-class collateral design.

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M^0 RESEARCH
M^0 Project Raises $35M Series A, Completes System Launch, Enters Limited-Availability Phase
M^0 WHITEPAPER
The core M^0 protocol is a coordination layer for permissioned institutional actors to generate $M.
M^0 RESEARCH
A Brief Perspective on Money Technology
M^0 RESEARCH
Introducing the Two Token Governor
M^0 RESEARCH
Reconstructing the Monetary Stack
WHY M^0

Not All Money Is Created Equal

Multi-Issuer and Multi-Jurisdiction

Money is federated middleware. The M^0 infrastructure provides a turnkey approach, allowing numerous institutions to mint a fungible stablecoin. This flexible multi-issuance system also ensures adherence to specific or jurisdictional requirements.

Money Issuance as an Asset Liquidity Construct

M^0 enables the participation of collateral-providing entities interested in increasing the liquidity of eligible assets by partnering with minters on the issuance of a fungible stablecoin into demanding markets.

Best-in-Class Collateral Design

Exogenous collateral is based on short-term US treasuries, with over-collateralization required at the protocol layer. Proven collateral storage structures and jurisdictions are optimized for insolvency / bankruptcy remoteness. Independent, daily, on-chain validation of proofs-of-reserve is conducted.

The Next-Generation Infrastructure for Fintech

Fintech has innovated on frontends, but continues to rely on archaic, centralized, and closed banking infrastructure. M^0 represents a radical backend evolution, ready to power the next wave of global fintech innovation.

M^0 democratizes access to
money issuance infrastructure

Backed by the best

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Money is Complex Infrastructure

Learn more about how M^0 revolutionizes the money tech stack

About M^0

Learn about the detailed functioning of the M^0 infrastructure, its components, governance, and actors.

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M^0 RESEARCH

Subscribe to the best content and research on money middleware, governance, tokenization and stablecoins in the industry.

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M^0 WHITEPAPER

The core M^0 protocol is a coordination layer, enabling permissioned actors to generate $M.

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FOR DEVELOPERS

A credibly neutral money middleware for the internet age

Techinical Documentation

Dive deep into M^0’s protocol and governance technical specifications.

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Developer Guides

Learn more about opportunities to integrate with and extend the M^0 protocol.

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Techinical Research

Read the latest technical research and analyses from the ecosystem of M^0 builders.

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Frequently Asked Questions

Find answers to commonly raised questions

What is M^0?

M^0 is an on-chain protocol, as well as a set of off-chain standards and APIs, that allows multiple Minters to issue a fully fungible stablecoin called $M. Minters connect to the protocol to manage the supply of $M, while Validators support the process independently by providing near-constant information on the presence of off-chain collateral held in best-in-class storage structures. This coordination is underpinned by a novel governance mechanism called the Two Token Governor.

What is $M?

$M is a fungible token that can be generated by a Minter by locking Eligible Collateral, currently short term T-bills, in a secure off-chain facility. Once generated, a Minter can then sell these tokens into the market. With selling and buying back these tokens at the price of $1, $M serves as a stablecoin, offering a stable, digital representation of the US dollar. $M can also be used as raw material to create other stablecoin products.

What is a Minter?

A Minter is an institution that connects to the M^0 protocol and is permissioned by governance to generate and manage the supply of $M. The M^0 protocol has been specifically designed to support multiple Minters.

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Introducing $M
$M is a composable stablecoin backed by high-quality, exogenous collateral.
CREDIBLY NEUTRAL
$M can be issued by multiple institutions in a fungible way, and it cannot discriminate against specific holders at the base layer.
COMPOSABLE BUILDING BLOCK
Minters can use $M as raw material for building wrapped financial products that adhere to additional requirements, or distribute it in its native form.
NEXT-GEN EURODOLLAR
$M benefits from high-quality collateral requirements while having no practical exposure to the US banking system for minting, storage, and redemption.
M^0 democratizes access to money issuance infrastructure. Based on a decentralized architecture and best-in-class collateral design, M^0 allows institutions to issue fungible cryptodollars.
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This website is hosted by the M^0 Foundation. The information contained herein is provided solely for informational purposes and the reader should not construe anything contained herein to be a solicitation or an offer of sale of securities.  Nor should you construe the contents of this document as legal, tax or financial advice. Any potential participant in the M^0 ecosystem is urged to consult their own advisors for any legal, tax or financial questions.

Neither the $M token, nor any governance tokens associated with the M^0 project, will be offered to US persons (without a valid exemption). Any token described in this document has not been registered or qualified under any state or national securities law or regulation.

Participation in the purchase, use, or investment in any digital assets, tokens, or cryptocurrencies involves inherent risks, including but not limited to market volatility, regulatory changes, and technological risks. Prospective users should conduct their own research and seek the advice of a qualified financial advisor or legal counsel before making any decisions. The M^0 Foundation makes no representations, warranties or guarantees regarding the accuracy, completeness, or reliability of the information contained on this website or any linked materials. The M^0 Foundation disclaims any liability for any direct, indirect, or consequential losses or damages arising from reliance on this information or any errors or omissions in its content.By accessing, reading, or using this website, you acknowledge and agree to the terms outlined in this disclaimer and the Terms and Conditions. You are solely responsible for evaluating the risks and merits associated with any actions you take related to the contents of this document.

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