M^0, the decentralized stablecoin infrastructure layer, today announces a strategic integration with Usual, a decentralized fiat-backed stablecoin issuer. Usual is leveraging M^0’s infrastructure to create UsualM, a vehicle that will facilitate the use of M^0 as an alternative collateral structure for Usual products. This partnership marks a significant milestone for Usual, enabling it to diversify its collateral and rely on $M while enhancing transparency. By adopting M^0, Usual benefits from its unique attributes, including transparency, safety, interoperability, and programmability.
Central to this partnership is the introduction of UsualM, a new extension of $M that upholds a 1:1 exchange rate with added functionalities like permissioned unwrapping, blacklisting, and pausing capabilities. Usual places the utmost importance on the security of its collateral and the integrity of its entire protocol. In addition to the eight audits of M^0’s infrastructure source cod
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