M^0 and Usual Collaborate on UsualM, Accelerating M^0’s Ecosystem Growth

Usual, a decentralized fiat-backed stablecoin issuer that redistributes value and ownership through the $USUAL token, is leveraging M^0’s infrastructure in order to create UsualM, a vehicle that will facilitate the use of M^0 as an alternative collateral structure for Usual products. By adopting M^0, 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. M^0 provides infrastructure including a “stablecoin extension engine,” enabling developers to take M^0’s canonical stablecoin, $M, and customize various features, including branding, built-in compliance tools and yield distribution. Usual has leveraged M^0’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 M^0’s infrastructure source code, M^0 and Usual have collaborated to commission two additional audits for UsualM ahead of deployment. Furthermore, Usual conducted rigorous diligence on the M^0 solution and collateral for several months, leaving no stone unturned. 

Why M^0?

M^0’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 M^0-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 M^0 network.

By building UsualM on top of M^0, 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 M^0, and also becomes interoperable with other use cases being built on the M^0 network. 

This collaboration highlights the versatility and power of M^0’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 M^0’s position as the most innovative stablecoin infrastructure layer. 

About M^0 Ecosystem

M^0 is money middleware for the digital age. It is a decentralized, on-chain protocol, as well as a corresponding set of off-chain standards and APIs, that powers a federation of stablecoin issuers. With M^0, any number of independent institutions can tap on turnkey middleware to become the minter of fungible stablecoin.

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