mTBILL is a USD-denominated Midas certificate token whose reference portfolio tracks short-term U.S. Treasury bills. It is structured as a blockchain-based debt instrument and should not be treated as a fixed-price payment stablecoin.
Key Data
| Backing | U.S. Treasury bills with maturities below three months, tracked through the certificate's reference portfolio |
| Reserve Reporting | Proof-of-reserves |
| Redemption | Midas documentation describes standard redemptions at NAV, with settlement over the natural timeline of the underlying assets, and instant redemptions subject to liquidity-pool capacity and a fixed fee. Midas eligibility documentation excludes U.S. persons. |
| KYC Required | Yes |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2024 |
Supported Networks
Regulatory Status
Use Cases
Overview
mTBILL is a USD-denominated Midas certificate token whose reference portfolio tracks short-term U.S. Treasury bills. It is structured as a blockchain-based debt instrument and should not be treated as a fixed-price payment stablecoin.
Key Features
- Blockchain-based certificate debt instrument rather than a payment stablecoin
- Reference portfolio tracks short-term U.S. Treasury bill returns
- USD-denominated NAV-accruing structure
- U.S. persons are ineligible under Midas compliance documentation
Reserve Backing
U.S. Treasury bills with maturities below three months, tracked through the certificate's reference portfolio.
Supported Networks
Available on Ethereum.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.