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:
- Inputs: You select UTXOs containing MNEE.
- Outputs: You create new UTXOs for the recipient and change.
- Validation: Indexers verify the provenance of the tokens.
Coal handles this complexity for you, so you can just think in "Amounts" and "Recipients".