M^0 Selects Wormhole as Official Interoperability Provider

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.