M0 Partners with Centrifuge to Expand Institutional Collateral for Stablecoin Issuers

Stablecoin issuers are increasingly looking beyond traditional reserve assets toward institutional financial products that combine high-quality collateral with onchain utility.

To support that evolution, M0 has partnered with Centrifuge to make JTRSY, the Janus Henderson Anemoy Treasury Fund, eligible collateral across the M0 network. The integration will give issuers access to institutional-grade U.S. Treasury exposure through M0’s modular stablecoin infrastructure while establishing the foundation for a broader partnership between the two companies.

Institutional Treasury exposure for stablecoin collateral

JTRSY is one of the largest institutional tokenized Treasury products available onchain.

Unlike many tokenized Treasury products, JTRSY is designed not only for holding yield but also for active use across onchain financial markets. It is already integrated into lending markets, collateral systems, and DeFi protocols, allowing institutions to put Treasury exposure to work instead of leaving it idle.

Recent enhancements have further strengthened its utility. Through Grove Basin, holders can access up to $500 million of daily instant liquidity in USDC, eliminating the traditional T+1 redemption constraints that have historically limited Treasury products.

"Adding JTRSY as eligible collateral gives M0 issuers access to a deep, liquid source of short-duration Treasury exposure without sacrificing the flexibility that defines our infrastructure. Centrifuge has built one of the most credible tokenized treasury products in the market, and this integration reflects our commitment to giving builders real optionality in how they structure collateral."
— Joao Reginatto, Chief Product and Strategy Officer, M0

Expanding the collateral toolkit for M0 issuers

M0 already powers 19 live stablecoins, including MoneyGram's MGUSD, MetaMask's mUSD, and KAST's USDK, and has several more being built, with $320 million in stablecoin supply and more than $30 billion in annualized transfer volume across its network. Its modular infrastructure gives businesses everything they need to launch a stablecoin built around their product, with separate, configurable layers for application, distribution, and issuance.

With JTRSY now available on M0, issuers gain access to a Treasury product that combines institutional-quality reserves with blockchain-native utility. Builders will be able to incorporate JTRSY into collateral structures aligned with their liquidity requirements, risk framework, and business model.

“Stablecoins depend on collateral that is both resilient and operationally efficient. JTRSY combines institutional-quality Treasury exposure with the liquidity required for onchain finance, making it well suited for stablecoin collateral. We’re excited to partner with M0 to make institutional financial products more accessible to stablecoin builders, beginning with JTRSY.”
— Bhaji Illuminati, CEO of Centrifuge Labs