![Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue T-Bill-Backed Ian Allison](https://btcusa.com/wp-content/uploads/2024/02/Cryptodollar-Minting-Protocol-M0-Will-Allow-Institutions-to-Issue-T-Bill-Backed-678x381.jpeg)
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But these firms are simply creating more and more of their products shipped on-chain, said M^0 Labs CEO Luca Prosperi, who believes a centralized party should not mint stablecoins and should not continue to fractionalize liquidity. As such, M^0 takes some of the original ideas of MakerDAO, where Prosperi was a community leader, but makes that vision more institutional.
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