TechFlow reports, on January 13, according to Crowdfund Insider, M^0 has adopted Chainlink's infrastructure on Ethereum to provide net asset value (NAV) data for its "decentralized" stablecoin $M. By leveraging Chainlink's SmartData Assets suite of solutions, they are "enhancing the transparency of $M."
Notably, $M is a fungible token that can be generated by "locking eligible collateral into secure off-chain facilities." Through integration with Chainlink SmartData, it is now possible to "accurately and securely access on-chain NAV data."
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