Stable or Gone
Organization record
Return to registerOfficial website

Record sog_issuer_m0_protocol

M0 Protocol

Protocol, governance, Minter, and validator framework behind the M stable token.

Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Decentralized / multi-entityDecentralized or protocol-based
Connected assets
2
Relationships
2 current0 historical
Evidence
7 source records

Identity and taxonomy

Overview

Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.
Organization categoryProtocol or software system
Canonical organization typeDecentralized Protocol
Legal formNot recorded in canonical data
Legal-form stateNot Recorded
Regulatory characterProtocol or decentralized system
JurisdictionDecentralized / multi-entity
Jurisdiction scopeDecentralized or protocol-based
Functional rolesProtocol operator, Technology provider
Relationship statesActive relationship
Primary display relationships1
Official websitehttps://www.m0.org/
Record confidenceHigh
Last reviewed2026-06-21
Category
Protocol or software system
Regulatory character
Protocol or decentralized system
Jurisdiction
Decentralized / multi-entity
Jurisdiction scope
Decentralized or protocol-based
Functional roles
Protocol operator, Technology provider
Record confidence
High

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinSymbolFunctional roleDisplayFromUntilStateLifecycle
MMProtocol operatorPrimary displayNot yet recordedNot yet recordedActive relationshipActive
Noble DollarUSDNTechnology providerAdditional2025-03-05Not yet recordedActive relationshipActive

M

Primary display
Role
Protocol operator
State
Active relationship
From
Not recorded
Until
Not recorded

Noble Dollar

Additional
Role
Technology provider
State
Active relationship
From
2025-03-05
Until
Not recorded

Material history

Events

Typed events and organization control actions remain linked to evidence.
DateEventCategorySubtypeStatus effect
2025-03-05Noble Dollar launchesLaunch and introductionLaunchRemained active
2024-07-28The first live M mint occursLaunch and introductionLaunchRemained active

Provenance

Evidence

Source identity, publication date, reliability, archive state, and relation count remain separate.
7 source identities · 7 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
M token
Published Not yet recorded		M0Official documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceIdentity, USD Reference, Earning Balances, Non Earning Balances, Entity Model and IncomeArchive index or wildcardHigh
Minter Gateway
Published Not yet recorded		M0Official documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceMinter Framework, Collateral, Mint, Burn, Issuance and CollateralArchive index or wildcardHigh
The first M mint
Published 2024-07-28		M0Official statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourceLaunch Date, First Mint, MXON, LaunchArchive index or wildcardHigh
Wrapped M token
Published Not yet recorded		M0Official documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceWrapped M, Non Rebasing Representation, Related RepresentationArchive index or wildcardHigh
Noble Dollar, USDN, is live
Published 2025-03-05		NobleOfficial statement or announcement
Canonical: Official Blog		Subject-controlled sourcePrimary sourceLaunch Date, Identity, Yield, M0 Relationship, Launch Identity and IncomeArchive index or wildcardHigh
USDN overview
Published Not yet recorded		NobleOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceBacking, Income, Identity, Redemption, Backing Income and ProductArchive index or wildcardHigh
USDN architecture
Published Not yet recorded		NobleOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceArchitecture, Deployment, Bridge, M0 Relationship, Protocol Architecture and DeploymentArchive index or wildcardHigh

Uncertainty

Known unknowns

Reviewed gaps remain visible instead of being converted into false certainty.

legal_and_collateral_entity_map

The reviewed protocol material establishes the Minter and validator framework but does not normalize every legal entity, collateral SPV, reserve holder, and service provider involved across Minters.

Severity
High
Last checked
2026-06-21

Do not represent M holders as having a uniform direct claim against one issuer or one collateral pool.

canonical_deployment_and_extension_map

The complete current map of canonical M contracts, wrapped M, cross-chain representations, and M0 Extensions is not normalized.

Severity
Medium
Last checked
2026-06-21

Extensions and wrapped representations must not be collapsed into the base M identity.

holder_redemption_boundary

Minter mint and burn mechanics are documented, but a universal holder right to redeem M directly into a specified collateral pool is not established.

Severity
High
Last checked
2026-06-21

Keep redemption modeled as protocol and Minter dependent.

reserve_reporting_normalization

Per-Minter collateral schedules, validator reports, and reserve disclosures are not yet normalized into one comparable current reserve view.

Severity
Medium
Last checked
2026-06-21

The reserve context row records the framework rather than a periodic consolidated attestation.

Maintenance

Corrections and further reading

Report a record problem or inspect methodology and machine-readable data.
Submit a correctionMethodologyData manifest