According to news on January 13, M^0 has adopted Chainlink infrastructure to provide net asset value (NAV) data for its "decentralized" stablecoin M on Ethereum. By leveraging Chainlink’s SmartData suite of asset services solutions, they are “increasing the transparency of $M.” It is reported that M is a fungible token that can be generated by "locking eligible collateral in a secure off-chain facility." With the integration of Chainlink SmartData, there is now “accurate and secure access to on-chain NAV data.”