M0 and Usual Collaborate on UsualM, Accelerating M0’s Ecosystem Growth
Usual, a decentralized fiat-backed stablecoin issuer that redistributes value and ownership through the $USUAL token, is leveraging M0’s infrastructure in order to create UsualM, a vehicle that will facilitate the use of M0 as an alternative collateral structure for Usual products. By adopting M0, Usual benefits from its unique infrastructure attributes, including transparency, safety, interoperability, and sophisticated programmability.
Stablecoin Building Blocks
As a decentralized stablecoin solution, Usual values the ability to utilize different forms of stable collateral. M0 provides infrastructure including a “stablecoin extension engine,” enabling developers to take M0’s canonical stablecoin, $M, and customize various features, including branding, built-in compliance tools and yield distribution. Usual has leveraged M0’s extension engine to build UsualM. UsualM is an extension of $M that inherits the safety and transparency of its collateral, while adding functionalities that are key for the Usual architecture, such as blacklisting and pausing capabilities, permissioned unwrapping, and, most importantly, custom yield distribution logic. Usual takes security of its collateral and entire protocol very seriously. In addition to the eight audits of M0’s infrastructure source code, M0 and Usual have collaborated to commission two additional audits for UsualM ahead of deployment. Furthermore, Usual conducted rigorous diligence on the M0 solution and collateral for several months, leaving no stone unturned.
Why M0?
M0’s stablecoin extension engine gives developers the flexibility to quickly build their own stablecoin. Starting with $M as the building block, they can customize attributes such as branding, convertibility features, and yield distribution features, among others. This modular design ensures all M0-powered stablecoins remain fully interchangeable 1:1, allowing easy integration across the ecosystem. Builders, like Usual, creating customized digital dollar solutions based on $M, gain access to shared liquidity and a growing range of use cases within the M0 network.
By building UsualM on top of M0, Usual can now introduce an alternative form of stable collateral to their products, while maintaining key control over core attributes of the asset such as transferability and yield distribution. Usual benefits from the high-quality and transparent short-term US treasuries structures that back M0, and also becomes interoperable with other use cases being built on the M0 network.
This collaboration highlights the versatility and power of M0’s stablecoin infrastructure, meeting the diverse needs of digital dollar innovators while establishing real interoperability. With Usual becoming the second stablecoin issuer to extend $M, following the announcement of Noble’s $USDN, this partnership reinforces M0’s position as the most innovative stablecoin infrastructure layer.
About M0
M0 is the universal platform powering builders of application-specific stablecoins. With M0, developers can build safe, programmable and interoperable digital dollars.
About Usual
Usual, a groundbreaking hybrid finance protocol, is set to revolutionize the stablecoin landscape with the introduction of USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets, and USUAL, a governance token that puts the community at the helm of the ecosystem's future. Under the leadership of former French politician & CEO, Pierre Person, Usual seeks to address current challenges in the stablecoin market by redistributing profits to the community and rewarding token holders with real yields generated by the real-world assets backing USD0. To learn more about this exciting project, please visit https://t.me/UsualCommunity