TechFlow reports that M^0 (pronounced "M Zero"), a protocol enabling global institutions to mint fungible, treasury bill-backed stablecoins, has released its whitepaper, website, and additional details about the protocol. According to the M^0 whitepaper, cryptocurrency institutions will be able to mint and issue fully decentralized, fungible stablecoins backed by U.S. Treasury bills, aiming to rebuild the offshore dollar market—valued between $5 trillion and $20 trillion—for the digital age.
The team is reportedly backed by Pantera and led by stablecoin pioneers from MakerDAO and Circle.
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