As we head into a new year, it’s exciting to talk about our newest and freshest product. In December 2025, we put the finishing touches on MANTRA USD, a stablecoin backed by short-term US Treasuries that will serve as the driving force behind the emerging MANTRA EVM RWA ecosystem.

By using the universal stablecoin platform M0, developers can build safe, programmable and interoperable digital dollars to develop ecosystem-specific use cases that keep control over their money tech stack. And that’s what we did. MANTRA USD joins the ever-expanding roster of M0 stablecoins that already includes companies such as Metamask, USDai, and Noble - with many more to come in the months ahead.

To find out more about mantraUSD, why we built it and where it’s going, read on below.

The Stablecoin Duopoly Is Weakening

You may be asking, “Why not just use USDC or USDT?” And that’s a great question. While these OG stablecoins are indeed backed by liquid collateral and for the most part keep their peg these days, the rewards derived from the underlying collateral of USDC and USDT do not flow to the ecosystem where those stablecoins trade. Unlike these first-generation stablecoins that generate billions of dollars from U.S. Treasury yield for their issuers’ own benefit, MANTRA USD aims to keep these rewards in the family by distributing the lion’s share to ecosystem participants that drive adoption of the MANTRA RWA ecosystem.

The stablecoin market stands at an inflection point. What began as a simple solution for crypto volatility has evolved into a $300 billion industry that earns billions in Treasury rewards while giving nothing back to the ecosystems that power its growth. This extractive model worked ten years ago, but the inevitable expansion towards a multi-trillion dollar stablecoin economy demands a fundamental reimagining of how stablecoins create and distribute value.

MANTRA USD aims to be a part of the Stablecoin 2.0 evolution. We believe that the stablecoin industry is evolving to become a multi-polar value distribution engine that powers aligned ecosystems. While the previous decade belonged to gargantuan stablecoins that are largely undifferentiated across the ecosystems they preserve value in, the next decade belongs to stablecoins that share success with aligned communities rather than hoard it for shareholders.

RWAs Benefit from Their Own Medium of Exchange 

Tokenization is moving from headlines to deployment. It’s now a certainty that institutions are going to tokenize their assets. The only questions left are when and how much. 

As the onchain MANTRA RWA ecosystem evolves, users, asset managers and builders will be able to use MANTRA USD for a variety of purposes. By staking into low-risk vaults, users obtain easy access to the offchain risk-free rate (RFR) of return. Vault curators will be able to compose portfolios using MANTRA USD as the onchain RFR proxy. Builders, creators and traders will be able to earn this non-volatile compensation for participating in the ecosystem.

Rather than relying on grants of its L1 coin, MANTRA intends to fund its ecosystem expansion, increasingly over time, through distribution of rewards to ecosystem partners that promote MANTRA USD. As the supply of MANTRA USD increases on MANTRA Chain and, potentially, on other blockchains, MANTRA will create the first "positive-sum ecosystem" where growth strengthens rather than weakens the underlying network.

Here’s how the flywheel works:

• Developers share in the yield, so they build deeper integrations.

• Exchanges and traders earn more by supporting liquidity, so they provide more $mantraUSD liquidity.

• The MANTRA RWA ecosystem grows without issuing inflationary incentives.

• Users benefit from a more stable, transparent, and asset-backed ecosystem, so they participate in ecosystem activities more, increasing the yield available to everyone.

An additional benefit is because mantraUSD inherits the immutability and governance security of the M0 Core Protocol, it meets the standards required by institutions, all while maintaining the trustless guarantees that Web3 users have grown accustomed to.

MANTRA USD makes it easier for DeFi developers to design higher-yielding products for users to enjoy. It creates an anti-dilution incentive framework. It attracts committed builders rather than speculators, while generating sustainable revenue for partners and aligning with the long-term investment horizon of RWAs.

MANTRA USD Is Primed for Growth in 2026 

As the team’s whitepaper details, the vision for mantraUSD is straightforward - become the stablecoin that powers the global tokenization economy. It’s the first large-scale attempt to create a builder- and community-led stablecoin, not a corporate one. 

MANTRA USD is a stablecoin designed for ecosystems that want to grow sustainably, responsibly, and transparently.

MANTRA USD is the native stablecoin that powers transactions in the MANTRA RWA onchain ecosystem, starting on the MANTRA EVM. Backed by short-term US Treasuries, mantraUSD digital dollar tokens provide seamless value transfer and serve as the native settlement layer that converts offchain yield into onchain ecosystem rewards. In addition, MANTRA USD is the preferred currency for all the regulated and licensed activities of MANTRA Finance, which include RWA vaults, RWA launchpad, and a DEX.

Because the future of tokenized finance won’t be built on extractive models, it must be built on shared economics and aligned incentives. mantraUSD is the first step towards a future where the value created by ecosystems stays with the ecosystems that create it. 

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Trade $mantraUSD stablecoin tokens right now on Quickswap and Lotus DEX on MANTRA EVM mainnet.

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MANTRA USD Resources

To find out more about the mantraUSD project, go to the MANTRA USD Website.

Go read the 20-page mantraUSD Whitepaper.

Track the total supply of mantraUSD in relation to all other M0 stablecoins at the MANTRA USD M0 Stablecoin Dashboard.

Find out the latest and greatest trading venues for mantraUSD, as well as track all other relevant up-to-date information, on the Official MANTRA USD CoinGecko Page.

To see high-quality trading charts for mantraUSD, go to the GeckoTerminal MANTRA EVM Pools page.

To keep track of the total supply of mantraUSD, what chains it’s trading on and other DeFi data, go to the MANTRA USD page on DefiLlama. 

To keep track of the onchain data for mantraUSD, go to the Blockscout MANTRA USD token page for the MANTRA EVM.

To keep up-to-date on all the news and announcements for the Universal Stablecoin Platform that helped create mantraUSD, please go to and follow the M0 X Account.

To keep up-to-date on all the news and announcements for the world’s first purpose-built ecosystem stablecoin for RWAs, please go to and follow the MANTRA USD X Account.

For diving deep into the codebase behind M, go to the M0 Foundation Github.

For diving deep into the codebase behind mantraUSD, go to the MANTRA USD Github.