Midas mTBILL (mTBILL) stablecoin analytics
Answer First
What is Midas mTBILL (mTBILL)?
mTBILL is Midas's NAV-linked Treasury-bill certificate, with issuer-reported USTB and BUIDL positions and USDC settlement. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-linked Treasury-bill certificate rather than a $1 payment token.
Is mTBILL safe?
mTBILL holds a C- Safety Score grade (50/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Midas mTBILL uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Midas transparency dashboard (issuer-reported portfolio estimates); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Midas mTBILL (mTBILL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
mTBILL is Midas's compliance-first answer to the tokenized T-bill race: exposure held mainly through BlackRock's IB01 ETF with Swiss custody at Maerki Baumann, issued as a Liechtenstein FMA-approved MiFID II instrument and restricted to non-U.S. and non-UK retail. That is the exact bureaucratic architecture required to legally sell T-bill exposure to European professionals.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Treasury-bill fund portfolio with issuer-reported USTB and BUIDL positions and an explicitly unclassified residual. The transparency source reports rounded position values and a source timestamp; these are portfolio estimates, not independently examined holdings.
- Peg Mechanism
- NAV-linked Treasury-bill certificate rather than a $1 payment token. The July 17, 2026 final terms specify USDC subscription and settlement, issuer-calculated NAV, a one-business-day realisation period, redemption gates of 25% of outstanding mTokens per settlement day, and a holdback of up to 5%; instant redemption uses a deferred-price method.
- Jurisdiction
- Germany / Liechtenstein FMA (prospectus-approving authority only; issuer not FMA-licensed) / EU-Prospectus-Regulation-approved tokenized debt instrument (MiFID II financial instrument); EEA-passported; not available to U.S. or UK retail persons
- Proof Of Reserves
- Real-Time PoR by Midas transparency dashboard (issuer-reported portfolio estimates) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety mtbill-midas
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
mTBILL quick answers
What is Midas mTBILL (mTBILL)?
mTBILL is Midas's NAV-linked Treasury-bill certificate, with issuer-reported USTB and BUIDL positions and USDC settlement. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-linked Treasury-bill certificate rather than a $1 payment token.
Is mTBILL safe?
mTBILL holds a C- Safety Score grade (50/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Midas mTBILL uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Midas transparency dashboard (issuer-reported portfolio estimates); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs mTBILL?
Pharos classifies mTBILL backing as Real-World Asset Backed. Collateral, per the static profile: Treasury-bill fund portfolio with issuer-reported USTB and BUIDL positions and an explicitly unclassified residual. Reserve evidence: Real-Time PoR from Midas transparency dashboard (issuer-reported portfolio estimates).
Can mTBILL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for mTBILL, when applicable, appear in the dossier below.
