Chainlink SmartData has been adopted by M^0 to put NAV data on-chain to support the $M stablecoin.

According to Deep Tide TechFlow news on January 13, as reported by Crowdfund Insider, M^0 has adopted Chainlink's infrastructure to provide asset net value (NAV) data for its "decentralized" stablecoin $M on Ethereum. By leveraging Chainlink's SmartData asset services solution suite, they are "enhancing the 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, on-chain asset net value data can now be accessed "accurately and securely."