---
title: "Midas mF-ONE (mF-ONE) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/mf-one-midas/"
description: "Build-time stablecoin profile for Midas mF-ONE (mF-ONE). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Midas mF-ONE (mF-ONE)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Midas-wrapped Fasanara F-ONE strategy token, not a bank-reserve stablecoin; private-credit and digital-asset strategy risk with permissioned issuer redemption. mF-ONE is a Midas liquid-yield token tracking a Fasanara F-ONE strategy rather than a bank-reserve stablecoin, classified as {{term:rwa}}RWA{{/term}}-adjacent private-credit exposure. Chainlink NAV coverage gives Pharos a live valuation route, while reserves remain high-risk because the exposure is private-credit and digital-asset strategy risk. Primary liquidity depends on Midas permissioned mint and {{term:redemption}}redeem{{/term}} rails.

## Collateral

Fasanara F-ONE strategy exposure through Midas tokenized certificate rails, including fintech receivables, SME lending, real-estate-backed credit, and digital-asset strategies.

## Peg Mechanism

NAV-accreting Midas liquid-yield token; primary issuance and redemption occur through Midas permissioned rails rather than a fixed $1 peg.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Germany | Liechtenstein FMA | EEA-restricted tokenized certificate |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x238a700ed6165261cf8b2e544ba797bc11e466ba` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/mf-one-midas.