Wrapped M (wM) stablecoin analytics
wM is M0 Protocol's non-rebasing 1:1 ERC-20 wrapper around M, with M backed by short-term U.S. Treasury bills held in bankruptcy-remote SPVs.
Static Profile
Static stablecoin profile
Wrapped M (wM) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
wM is M0's non-rebasing ERC-20 wrapper over M, backed by short-term U.S. {{term:treasury}}Treasury{{/term}} bills in bankruptcy-remote SPVs — holders forfeit the yield, which routes to TTG-approved earner accounts. wM is the non-rebasing wrapper that turns M0's...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Underlying M (M0 Protocol) is backed 100% by short-term U.S. Treasury bills (30–90 day WAM) held in bankruptcy-remote SPVs by permissioned Minters; M0 Validators independently attest collateral sufficiency on-chain before any M can be minted, and wM holds M 1:1 inside the Wrapped M Token contract
- Peg Mechanism
- Non-rebasing 1:1 ERC-20 wrapper around M: anyone can call wrap() to deposit M and mint wM, or unwrap() to redeem wM back to M at any time without fees or queues; wM holders are non-earning by default, so yield accrued by the underlying M is redirected via TTG-approved earner accounts and the claimExcess() mechanism to ecosystem yield recipients (downstream M0 extensions and apps), leaving wM as a flat USD-denominated unit
- Jurisdiction
- Switzerland
- Proof Of Reserves
- Real-Time PoR by M0 Protocol (on-chain Validator attestations) Reserve source
- Contracts
- 4 deployments tracked across Ethereum, Arbitrum, Plume, and Solana.
Snippet Answer
Is wM safe?
Pharos does not mark wM as absolutely safe. Static metadata says Wrapped M uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from M0 Protocol (on-chain Validator 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.
Next Actions
Exact bot target: /subscribe dews,depeg,safety wm-m0
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 May 15, 2026.