M^0 Labs 与 Fireblocks 合作为其发行人提供加密货币托管服务

M^0 使稳定币发行者能够以编程方式在用户生态系统中分配收益，从而激励分销商和流动性提供者

M^0 (pronounced “M Zero”), a protocol that enables institutions to create their own stablecoins that are guaranteed by U.S. Treasury bills, has collaborated with Fireblocks to offer cryptocurrency custody services to its issuers. The collaboration will allow issuers to manage the private keys for their stablecoins within Fireblocks’ key-management system.

M^0（发音为“M Zero”）是一种协议，使机构能够创建自己的由美国国库券担保的稳定币，该协议已与 Fireblocks 合作，为其发行人提供加密货币托管服务。此次合作将允许发行者在 Fireblocks 的密钥管理系统中管理其稳定币的私钥。

This integration is designed to streamline the process of managing cryptodollars, a type of stablecoin minted on the M^0 protocol. According to the announcement, firms utilizing M^0 will be able to use the private keys to transmit cryptodollars, carry out updates to collateral balances, retrieve and destroy tokens, and interact with other participants in the ecosystem.

此集成旨在简化管理加密美元的流程，加密美元是一种基于 M^0 协议铸造的稳定币。根据该公告，使用 M^0 的公司将能够使用私钥传输加密美元、更新抵押品余额、检索和销毁代币，以及与生态系统中的其他参与者进行交互。

Crucially, this interaction includes validators, who are responsible for verifying the reserves that back the stablecoins. The companies stated that the keys now function seamlessly with Fireblocks’ key-management system.

至关重要的是，这种互动包括验证者，他们负责验证支持稳定币的储备。两家公司表示，钥匙现在可以与 Fireblocks 的钥匙管理系统无缝运行。

Firms will be able to generate cryptodollar addresses, rotate keys, and perform other administrative tasks for their stablecoins through a single interface, thanks to the integration. According to M^0, this will save issuers time and effort while also increasing the security of their operations.

通过集成，公司将能够通过单一界面生成加密美元地址、轮换密钥并为其稳定币执行其他管理任务。 M^0 表示，这将节省发行人的时间和精力，同时也提高其运营的安全性。

Institutions can create their own stablecoins with M^0, which are then fully backed by U.S. Treasury bills and overseen by a decentralized foundation. The protocol’s software is being developed by M^0 Labs.

机构可以用 M^0 创建自己的稳定币，然后由美国国库券全额支持并由去中心化基金会监督。该协议的软件由 M^0 Labs 开发。

The protocol is gaining attention from institutions due to the increasing popularity of stablecoins. Tether (USDT) and Circle (USDC) are two of the most well-known stablecoin issuers, and their tokens have the largest and second-largest market capitalizations, respectively.

由于稳定币的日益普及，该协议正在引起机构的关注。 Tether（USDT）和Circle（USDC）是两个最著名的稳定币发行商，它们的代币分别拥有最大和第二大的市值。

Moreover, the success of these tokens has sparked a new generation of dollar-pegged tokens, many of which are also pegged to yield-generating securities like U.S. Treasury notes.

此外，这些代币的成功催生了新一代与美元挂钩的代币，其中许多代币还与美国国债等产生收益的证券挂钩。

In the current models used by these stablecoins, the token holder either receives the interest payment or the issuer retains the entire yield. However, Prosperi claims that a more adaptable mechanism is required.

在这些稳定币当前使用的模型中，代币持有者要么收到利息，要么发行人保留全部收益。然而，Prosperi 声称需要一个更具适应性的机制。

According to Prosperi, M^0 enables protocol users to encase stablecoins in a manner that enables them to retain the entire yield or to engage in more intricate activities.

根据 Prosperi 的说法，M^0 使协议用户能够以某种方式封装稳定币，使他们能够保留全部收益或参与更复杂的活动。

For example, they could distribute a portion of the yield to specific individuals based on their actions. He adds that this capability is crucial for creating more effective stablecoin ecosystems.

例如，他们可以根据特定个人的行为将一部分收益分配给他们。他补充说，这种能力对于创建更有效的稳定币生态系统至关重要。

“There is no opportunity to incentivize distribution except through difficult paper-based marketing contracts, as there is no space between these two unintelligent solutions, where issuers either keep 100% of the yield or the other extremity, where holders keep 100% of the yield – even if they do not need to,” Prosperi explained.

“除非通过困难的纸质营销合同，否则没有机会激励分配，因为这两种不明智的解决方案之间没有空间，发行人要么保留 100% 的收益率，要么持有者保留 100% 的收益率——即使他们不需要，”普罗斯佩里解释道。

This technology enables issuers or holders of M to construct arbitrarily intricate logic to regulate the yield in order to promote their own ecosystem. This creates a diverse array of business models and opportunities that are entirely on-chain.

该技术使M的发行者或持有者能够构建任意复杂的逻辑来调节收益率，以促进自己的生态系统。这创造了完全链上的多样化商业模式和机会。

According to Prosperi, M^0 has amassed a float of approximately $30 million, which is currently over collateralized. Every 30 hours, reserves are independently validated on-chain. The service is not accessible to consumers in the United States.

据 Prosperi 称，M^0 已积累了约 3000 万美元的流通量，目前已超额抵押。每 30 小时，储备金就会在链上进行独立验证。美国消费者无法使用该服务。