M^0 Expands Stablecoin Platform to Solana, KAST to Launch First Custom Dollar
KAST becomes the first to launch a custom stablecoin on Solana using M^0’s infrastructure, pairing it with a Visa-powered card for real-world stablecoin spending.
- Published: Apr 9, 2025 at 14:13
- Edited: Apr 9, 2025 at 14:53
M^0, the digital dollar infrastructure provider behind the $M stablecoin, has expanded its platform to the Solana blockchain, enabling the creation of application-specific stablecoins on a high-throughput, low-cost network. KAST, a banking alternative platform for crypto, will be the first to launch a stablecoin on Solana using M^0’s framework.
M^0 Brings Programmable Stablecoins to Solana
With over $171 million in circulating supply and backed by $180 million in collateral, M^0 enables partners to build branded stablecoins by extending $M through its modular architecture. The $M Extensions allow full customization—such as compliance features and yield mechanisms—while accessing shared liquidity across the M^0 network. Minting and redemption can be done via API or permissionlessly onchain through wrapping and unwrapping of $M.
The launch on Solana also includes integrations with Spree Finance, Squads Protocol, Jito, and Perena.
Liquidity pools are being deployed via Kamino on Raydium, including jitoSOL/M and USDC/M pools, with incentives like 5,000 JTO per week to support market depth.
KAST First to Build with M^0 on Solana
KAST will issue two variants of its stablecoin, KAST Dollar, for savings and payments. The company says all user deposits will be transparently reflected onchain. KAST is the first to use M^0’s stablecoin infrastructure on Solana and will integrate the tokens into its platform and debit card offering.
The KAST card, powered by Visa, allows users to receive and spend stablecoins at over 140 million merchants globally, with no spending limits. It supports Apple Pay and Google Pay, making it easier for crypto holders to use Solana-based stablecoins for everyday payments.
