Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue Stablecoins Backed by U.S. Treasuries
Summary
M^0 protocol, backed by stablecoin pioneers, aims to mint T-bill backed stablecoins. It seeks to create a decentralized system for minting stablecoins and aims to target the offshore dollar market. The protocol emphasizes interoperability and plans to go live in Q2 2024, targeting crypto-friendly institutions and DeFi market makers.
