But these firms are simply creating more and more of their products shipped on-chain, said M^0 Labs CEO Luca Prosperi, who believes a centralized party should not mint stablecoins and should not continue to fractionalize liquidity. As such, M^0 takes some of the original ideas of MakerDAO, where Prosperi was a community leader, but makes that vision more institutional.
Source: https://www.coindesk.com/business/2024/02/08/cryptodollar-minting-protocol-m0-will-allow-institutions-to-issue-stablecoins-backed-by-us-treasuries/?utm_medium=referral&utm_source=rss&utm_campaign=headlines