On January 13th, M ^ 0 has adopted the Chainlink infrastructure to provide its "decentralized" stablecoin M with net asset value (NAV) data on Ethereum. By leveraging Chainlink's SmartData Asset Service Solution Suite, they are "increasing the transparency of $M."
It is understood that M is an alternative token that can be generated by "locking eligible collateral in a secure off-chain facility". With the integration of Chainlink SmartData, it is now possible to "accurately and securely access on-chain NAV data".
Chainlink SmartData was adopted by M ^ 0 to upload NAV data to support M stablecoins
2025-01-13 04:11:19
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