Midas mTBILL (mTBILL) stablecoin analytics
Answer First
What is Midas mTBILL (mTBILL)?
mTBILL is Midas's NAV-accreting tokenized U.S. T-Bill fund via BlackRock IB01 ETF, FMA-regulated rails, with daily Ankura Trust NAV attestations. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting token (not pegged to $1); price launched at ~$1.00 and appreciates continuously as T-bill yield accrues; permissioned mint/redeem at daily NAV via Midas smart contracts in USDC/USDT or fiat; NAV oracle published daily by...
Is mTBILL safe?
mTBILL holds a C- Safety Score grade (52/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Midas mTBILL uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from Ankura Trust Company (independent third-party; provides daily on-chain NAV attestations); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Midas mTBILL (mTBILL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
mTBILL is Midas's compliance-first answer to the tokenized T-bill race: exposure held mainly through BlackRock's IB01 ETF with Swiss custody at Maerki Baumann, issued as a Liechtenstein FMA-approved MiFID II instrument and restricted to non-U.S. and non-UK retail. That is the exact bureaucratic architecture required to legally sell T-bill exposure to European professionals. Ankura Trust provides daily on-chain NAV attestations, and the RWA collateral quality with regulated-entity governance earns institutional...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Short-duration U.S. Treasury Bills (maturity <3 months) via a reference basket of T-Bill ETFs and tokenized funds, primarily BlackRock iShares $ Treasury Bond 0-1yr UCITS ETF (IB01), plus BUIDL; atomic redemption sleeve via tokenized money-market funds (USTB, BUIDL, JTRSY, FAST) within available liquidity; physical custody by Maerki Baumann & Co. AG (Switzerland); security ring-fencing by ATG Azimut Treuhandgesellschaft mbH; target return = 8-week U.S. T-Bill yield minus ~50 bps
- Peg Mechanism
- NAV-accreting token (not pegged to $1); price launched at ~$1.00 and appreciates continuously as T-bill yield accrues; permissioned mint/redeem at daily NAV via Midas smart contracts in USDC/USDT or fiat; NAV oracle published daily by Ankura Trust Company
- Jurisdiction
- Germany / Liechtenstein FMA (prospectus-approving authority only; issuer not FMA-licensed) / EU-Prospectus-Regulation-approved tokenized debt instrument (MiFID II financial instrument); EEA-passported; not available to U.S. or UK retail persons
- Proof Of Reserves
- Independent Audit by Ankura Trust Company (independent third-party; provides daily on-chain NAV attestations) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety mtbill-midas
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
mTBILL quick answers
What is Midas mTBILL (mTBILL)?
mTBILL is Midas's NAV-accreting tokenized U.S. T-Bill fund via BlackRock IB01 ETF, FMA-regulated rails, with daily Ankura Trust NAV attestations. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting token (not pegged to $1); price launched at ~$1.00 and appreciates continuously as T-bill yield accrues; permissioned mint/redeem at daily NAV via Midas smart contracts in USDC/USDT or fiat; NAV oracle published daily by...
Is mTBILL safe?
mTBILL holds a C- Safety Score grade (52/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Midas mTBILL uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from Ankura Trust Company (independent third-party; provides daily on-chain NAV attestations); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs mTBILL?
Pharos classifies mTBILL backing as Real-World Asset Backed. Collateral, per the static profile: Short-duration U.S. Treasury Bills (maturity <3 months) via a reference basket of T-Bill ETFs and tokenized funds, primarily BlackRock iShares $ Treasury Bond 0-1yr UCITS ETF (IB01), plus BUIDL; atomic redemption sleeve via tokenized... Reserve evidence: Independent Audit from Ankura Trust Company (independent third-party; provides daily on-chain NAV attestations).
Can mTBILL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for mTBILL, when applicable, appear in the dossier below.
