Chronicle Partners With M^0 to Strengthen Stablecoin Issuance
CryptoNewsTerminal Staff21 Aug, 2024
Chronicle Partners With M^0 to Strengthen Stablecoin Issuance
Chronicle Bolsters M^0's Stability with RWA Oracle Leading oracle provider Chronicle has expanded its services to support the stability of M^0, an Ethereum-based stablecoin issuance platform. This collaboration introduces a real-world asset (RWA) oracle that will validate M^0's collateral consisting of U.S. Treasuries. This integration enhances the trustworthiness and stability of M^0's stablecoins, ensuring their peg to the U.S. dollar. Chronicle's role as a validator will provide accurate and reliable data, underpinning M^0's ability to maintain its dollar-backed value. This partnership aligns with Chronicle's mission to provide trusted data sources for decentralized applications (dApps) and blockchain protocols. By partnering with M^0, Chronicle strengthens the stability of the stablecoin ecosystem, fostering confidence among users and unlocking wider adoption.
