MNEE (pronounced "money"), a next-generation USD-backed stablecoin, officially launched today

MNEE (pronounced "money"), a next-generation USD-backed stablecoin, officially launched today on the 1Sat Ordinals blockchain protocol, marking a major innovation in stablecoin payments.

output: MNEE, a next-generation USD-backed stablecoin, today launched on the 1Sat Ordinals blockchain protocol. Standing for "money," MNEE is launching with instant transactions, no gas token and ultra-low fees—under a penny—for everyday use cases.

MNEE is a stablecoin, which means it maintains a stable value to another currency—in this case, the US dollar. This is in contrast to most cryptocurrencies, which are known for their extreme volatility.

Its launch marks a major innovation in stablecoin payments, setting the stage for a paradigm shift in how people experience and use digital currency in their daily lives.

With the ability to process transactions instantly, and at an exceptionally low cost, MNEE unlocks new possibilities for seamless and efficient value transfer, paving the way for widespread adoption of cryptocurrencies in various industries and use cases.

It is also launching with the Yours.org Wallet, a non-custodial wallet that supports various blockchains and tokens, including Bitcoin and Ethereum.

“A USD stablecoin on the world’s most scalable blockchain opens countless new development opportunities. It was a no-brainer for Yours.org Wallet to support MNEE as a native asset,” said Dan Wagner, founder of Yours Wallet.

“Now, developers who have integrated Yours Wallet into their applications can easily accept MNEE as payment from their customers. In addition, Yours Wallet users will be able to seamlessly use MNEE for various Web3 services and seamlessly pay for their daily purchases at supported merchants.”

About MNEE

MNEE is a financial technology organization that is pushing the boundaries of global payments.

The company is the issuer of the MNEE stablecoin, which is issued on the 1Sat Ordinals protocol and Ethereum blockchains.

The company is focused on developing instant, gas-free, micro-transaction cost, stable, secure and scalable digital currency solutions.

Each MNEE token is fully backed by U.S. Treasury bills and USD cash equivalents, and the company is fully compliant with all applicable regulations.

As the company continues to expand its services and offerings, it remains committed to its core values of innovation, excellence and customer satisfaction.

With a vision to create the future of money, MNEE is dedicated to delivering superior instant, low-cost and efficient payment solutions across multiple platforms and industries.

MNEE launched on the Ethereum blockchain in July and is expanding to the 1Sat Ordinals protocol.

On 1Sat Ordinals, MNEE will offer instant transactions, no gas token, fees under a penny and unparalleled scalability.