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COAL DOCS

MNEE Protocol

MNEE is a 1:1 USD-backed stablecoin regulated in Antigua.

Key Features

  • BSV-20 / 1Sat: Operates on the Bitcoin SV network via the 1Sat Ordinals protocol.
  • Fully Collateralized: Backed by US Treasury bills and cash.
  • Regulatory Compliance: Full AML/KYC compliance.

How it works

Unlike account-based stablecoins (like ERC-20), MNEE uses a UTXO model. Tokens are "satoshis" with special inscriptions.

When you send MNEE:

  1. Inputs: You select UTXOs containing MNEE.
  2. Outputs: You create new UTXOs for the recipient and change.
  3. Validation: Indexers verify the provenance of the tokens.

Coal handles this complexity for you, so you can just think in "Amounts" and "Recipients".