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



# Midas mTBILL (mTBILL)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Compliance-first European tokenized U.S. T-bill product (BlackRock IB01 ETF, Swiss custody, FMA-approved MiFID II), restricted to non-U.S./UK retail; daily Ankura NAV attestations. mTBILL is Midas's compliance-first answer to the tokenized {{term:treasury}}T-bill{{/term}} race: 97% in BlackRock's IB01 ETF with Swiss {{term:custody}}custody{{/term}} at Maerki Baumann, issued as a Liechtenstein FMA-approved MiFID II instrument — the exact bureaucratic architecture required to legally sell T-bill exposure to European professionals. Ankura Trust provides daily on-chain NAV {{term:attestation}}attestations{{/term}}, and the {{term:rwa}}RWA{{/term}} collateral quality with regulated-entity governance earns institutional credibility that most crypto-native tokenized treasury products lack. The 'not available to U.S. or UK retail persons' restriction is the mirror image of USTB and OUSG's American access gates, carving out a European institutional niche in a market dominated by U.S. issuers. Deployed across five chains, mTBILL functions as infrastructure in Midas's product stack and as stable collateral in third-party structured products — the European {{term:money-market-fund}}money-market-fund-like{{/term}} token for protocols that need regulatory certainty over DeFi composability.

## Collateral

Short-duration U.S. Treasury Bills (maturity <3 months) via BlackRock iShares $ Treasury Bond 0-1yr UCITS ETF (IB01); 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

| Country | Regulator | License |
| --- | --- | --- |
| 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 |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xdd629e5241cbc5919847783e6c96b2de4754e438` | 18 |
| base | `0xdd629e5241cbc5919847783e6c96b2de4754e438` | 18 |
| rootstock | `0xdd629e5241cbc5919847783e6c96b2de4754e438` | 18 |
| plume | `0xe85f2b707ec5ae8e07238f99562264f304e30109` | 18 |
| etherlink | `0xdd629e5241cbc5919847783e6c96b2de4754e438` | 18 |

## Live Data

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