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Chainlink SmartData is adopted by M^0 to upload NAV data to the chain to support M Stable Coin
On January 13th, M^0 has adopted the Chainlink infrastructure on the ETH network to provide Net Asset Value (NAV) data for its 'Decentralization' Stable Coin M. By leveraging Chainlink's SmartData asset service solution suite, they are 'enhancing transparency of $M'. It is reported that M is an alternative token that can be generated by "locking eligible collateral in secure off-chain facilities". With the integration of Chainlink SmartData, it is now possible to "accurately and securely access on-chain asset net worth data".