M^0’s stablecoin platform on Solana allows for teams to build application-specific, branded digital dollars.
Stablecoin platform M^0 announced its strategic expansion to the Solana ecosystem. This marks a significant milestone in M^0’s roadmap, providing builders with programmable stablecoin issuance infrastructure.
KAST, a neobank built on stablecoins, will be the first to leverage M^0’s stablecoin platform on Solana. The platform will use M^0 to build two digital dollars to tokenise deposits and payments, along with a savings use cases which will become a key component of the product and network.
All stablecoins built on top of the M^0 platform on Solana benefits from the unified liquidity of $M, which is M^0’s stablecoin building block. They can be seamlessly swapped for one another with no price discovery and bridged to other blockchain ecosystems using M^0’s integration with Wormhole NTT.
“Solana’s unmatched speed, scalability, and developer ecosystem make it a prime environment for stablecoin innovation. By bringing M^0’s platform to Solana, we’re empowering builders to create stablecoins that are not only interoperable, liquid, and tailored to their use cases, but that can also perform at any scale. This expansion is a key milestone in M^0’s vision to build the most comprehensive digital money technology stack for developers.” said Joao Reginatto, Chief Strategy Officer at M^0.
“KAST is building the world’s best banking alternative, powered entirely by stablecoins. By issuing our own stablecoin, we ensure full transparency, with all customer deposits represented on-chain. Solana was the clear choice for deployment, given our strong existing partnership and its advantages in speed and low fees. M^0 enables us to bring this vision to life, allowing us to rapidly configure the KAST Dollar, and we believe M^0 is the partner most aligned to our long term vision.” said Raagulan Pathy, Co-Founder & CEO of KAST.
