Chainlink announced on Thursday via X that M^O has integrated Chainlink Proof of Reserve’s Secure Mint feature in order to increase the security and transparency of its decentralized stablecoin M. While this step was taken in response to the increasing demands for security and transparency in the stablecoin market, there are serious doubts whether such innovations will be enough to dispel the general negative sentiment in the sector, given the general market conditions and regulatory uncertainties. In particular, increasing pressure from regulators and market volatility continue to erode investor confidence.