M^0 is integrating Wormhole’s NTT framework to take its stablecoin, M, natively multichain to chains including Arbitrum, Base, Solana, and Optimism. This integration expands M^0’s reach and brings its innovative stablecoin solution to new user bases across various blockchain ecosystems.
M To Go Natively Multichain with NTT
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. M, issued through a decentralized protocol by a federation of minters, aims to set a new standard for digital currencies. It offers seamless blockchain interoperability and enhanced transparency, positioning itself as a more programmable and less fragmented digital parallel to the US dollar across diverse blockchain ecosystems.
To expand M’s reach and make it available on multiple chains, M^0 will integrate Wormhole messaging and the NTT framework.
What is NTT?
Wormhole’s Native Token Transfers (NTT) is an open and composable framework for seamlessly transferring native tokens across blockchains while preserving their intrinsic properties and preventing liquidity fragmentation. NTT is already powering natively multichain tokens for leading projects such as Lido, Sky, JitoSOL, ether.fi, and Wormhole’s W token, demonstrating its industry-wide impact and reliability.
Why Does it Matter?
By integrating with NTT, M^0 will maintain full control over its token’s behavior on each chain, including aspects such as customizability, metadata management, and ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering unparalleled flexibility and adaptability. This integration enables a wide range of users, from individuals to large institutions and DeFi developers, to effortlessly utilize M across multiple blockchain ecosystems.
Take Your Token Multichain with NTT
NTT is already being used by some of crypto’s most systemically important assets, like Lido’s wstETH, to unify users and liquidity.
Check out the Wormhole NTT Docs, or get in touch to go multichain and grow your token’s reach with an open and flexible standard trusted by the industry’s leading crypto assets.
Learn More
Learn more about NTT in a 15-minute workshop given by Wormhole Foundation Product Lead, Nikhil Suri: Watch here.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 49 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on Twitter, join the Discord, or read more on the blog.