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M^0 Selects Wormhole as Official Interoperability Provider

Twitter icon  •  Published 3 days ago  •  Hassan Maishera

M^0 is integrating Wormhole’s NTT framework to take its stablecoin, M, natively multichain to chains including Arbitrum, Base, Solana, and Optimism.

On Wednesday, the Wormhole team announced via a blog post that M^0 is integrating Wormhole’s NTT framework to take its stablecoin, M, natively multichain to chains including Arbitrum, Base, Solana, and Optimism.

The integration expands M^0’s reach and brings its innovative stablecoin solution to new user bases across various blockchain ecosystems. M^0 is a decentralized infrastructure layer for the issuance of M, a next-generation stablecoin backed by high-quality real-world reserves such as U.S. treasuries.

By integrating with NTT, M^0 will maintain full control over its token’s behavior on each chain, including customizability, metadata management, and ownership or upgradeability.

Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.2776, up 1% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.