M^0
M ZeroM0 stablecoin
M^0's dollar issuance protocol — minters post collateral to mint $M, with cash equivalents as the canonical reserve.
M^0 separates governance from minting: validators set rules, minters issue $M against approved collateral classes (currently US T-bills). Cofounded by Luca Prosperi (ex-MakerDAO) and aims at a more modular, institutional-friendly version of decentralised dollar issuance.
Related terms
- RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.
- T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.
- CDP (collateralised debt position)A user-opened debt position backed by crypto collateral — the issuance mechanism for DAI, LUSD, GHO, crvUSD.