The M^0 protocol is a coordination mechanism. It is not intended to replace existing financial actors, but rather to provide novel and more efficient means by which they can interact. We believe that a universal blockchain-based protocol, where rules and transparency are enforced by code, is superior to the feudal and opaque landscape of value transmission present today.
The M^0 Protocol is intended to coordinate Minters, Validators, and Earners. It is anticipated that off-chain this may correspond to financial services providers (such as cryptodollar issuers), auditors, and institutional holders of M.