M0 reports that USDT and USDC were the first wave of stablecoins.

M0 gives fintechs, payment platforms, and financial institutions onchain solutions to build their own tokenized finance products, from stablecoins to entirely new forms of digital money. The technology is proven at scale. Partners have launched 20+ tokenized finance and stablecoin products on M0 and $24B in annual transaction volume. It is secure and transparent, with 30+ independent audits to prove it. Teams get up and running with less lift by tapping into an existing onchain network, with multi-chain compatibility and liquidity handled seamlessly from day one. We're building for a world where open financial systems win and proliferate, not one where a few monolithic entities control how the industry operates. That means building the digital monetary network that matures and improves the global financial system. M0 powers digital money for MetaMask, KAST, Exodus, and others, with regulated issuance from Anchorage Digital, Bridge, MoonPay, and 1Money. Backed by leading investors including Pantera, Polychain Capital, Bain Capital Crypto, and Ribbit Capital. Build your own tokenized finance products: https://www.m0.org/

Founded 2023