WrappedM by M0

WrappedM by M0 (WM) is a wrapped token designed to represent M0's native M stablecoin on multiple blockchain networks, including Ethereum, Arbitrum, Solana, and Plume Network. Its purpose is to allow holders of M to use that asset across chains that would not otherwise support it natively. The intended audience is anyone who wants to move or interact with M-denominated value in a broader set of on-chain environments.

As a wrapped asset, WM is minted when M is locked or deposited in a custodial or smart-contract mechanism, and it is redeemable for the underlying M when returned to that mechanism, keeping the two tokens linked in value. It does not rely on its own consensus algorithm or block time — those responsibilities belong to whatever underlying network the token is deployed on. The token exists simultaneously across the Ethereum, Arbitrum, Solana, and Plume Network ecosystems, and its fully diluted valuation equals its market capitalization because no additional supply is scheduled to be released.

The data stored for WM does not include any fee stream — no protocol revenue, no fee recipients, and no information about what the protocol retains from wrapping or unwrapping activity. Because no fee figures are present, fee-based measures such as price-to-fees or yield metrics are not available for this asset on this site. The circulating supply of 81,671,803.858287 WM represents essentially the entire issued supply, with a supply-issued figure of approximately 100 percent and zero dilution overhang at this point in time.