M^0 announced its expansion to the Solana Blockchain. This initiative empowers the developers to create a rich, branded digital dollar feature on one of the most scalable and rapid growing platforms of the industry.
M^0 has established itself as a major player in the Stablecoin sector by providing infrastructure that allows developers to develop customizable, interoperable stablecoins. By expanding its services to Solana, M^0 aims to offer builders a solid platform characterized by high throughput and low transaction fees.
“The unmatched speed, scalability, and developer ecosystem makes it a major environment for Stablecoin change, says Joao Reginatto, chief official strategy in M^0.
“By bringing the M^0 platform to Solana, we empower the builders to create stablecoins that are not only coherent, liquid, and fitted with their cases of use, but it can also perform in any size,” Joao added.
Cast: Pioneering Stablecoin-Powered Neobanking
Singapore-based Fintech platform that Kasta will be the first seizure of M^0’s Stablecoin infrastructure in Solana. Kasta aims to deliver a neobank-style experience by offering payment cards and USD denomination accounts to users in more than 150 countries. The platform plans to use M^0 to produce two digital dollars, initially for a shovel of deposits and eventually for payments and cases of use of savings.
In December 2024, Kasta ensured $ 10 million in seed funding, led by the Hongshan Capital Group (HSG) and Peak XV partners. The funding of this fund also saw participation from high-profile angels and partners from DST Global and Goodwater capital, emphasizing the growing confidence in StableCoin-based financial solutions.
“The castle builds the best alternative banking in the world, powered by Stablecoins. By releasing our own stablecoin, we ensure full transparency, along with all customer deposits represented by On-chain,” Kast CEO, Raagulan Pathy, mentioned in a discharge shared with Alexablockchain.
“Solana is the clear choice for expansion, given our strongly existing partnership and its benefits to speed and low fees. M^0 allows us to restore this vision, allowing us to quickly configure the Kast Dollar, and we believe that M^0 is the partner most aligned with our long-term perspective,” Raagulan added.
Solana’s climb to Blockchain ecosystem
Solana is experiencing amazing -stunning growth, strengthening its position as a leading blockchain network. According to a 2024 electric capital developer, Solana attracted 7,625 new developers, which exceeded Ethereum for the first time since 2016. This progress reflects an 83% year-to-year increase, featuring Solana’s appeal to the developer community.
Additionally, in the first quarter of 2025, the total stablecoin cost of the Solana network rose 146%, up to $ 12.5 billion. This rapid climb is positioned by Solana as the fifth fastest growing blockchain network in terms of Stablecoin supply.
M^0’s growing influence on the Stablecoin market
M^0’s expansion in Solana follows a period of accelerated growth for the platform. The Stablecoin platform exceeds $ 160 million in the shifting -shifted supply, showing its increasing popularity in the digital currency space. M^0 has previously empowered products such as Noble and Usual to successfully launch their own custom stablecoins, further strengthening its position as a leading programmable stablecoin infrastructure.
Interestingly, in March 2025, Noble launched the Noble Dollar ($ USDN), an harvest-bearing, composable stablecoin built for the modular and interchain ecosystem. This launch is strengthened by the M^0 infrastructure, which shows the platform’s ability to support innovative Stablecoin solutions.
By incorporating M^0’s expertise into Stablecoin’s infrastructure into Solana’s high-performance blockchain capabilities, developers are now fitted to create stablecoins that are not only customizable and interoperable but capable of working on the scale.
Also Read: Mantra launches $ 108.9M ecosystem fund
Denial: The information provided to Alexablockchain is for information purposes only and does not generate financial advice. Read the complete decline here.
Image credits: M^0