Ex-Crypto Exec Claims DeFi Company Cut Him Out of Lucrative Stablecoin Biz M^0

Core Viewpoint - A former executive of RWA Company has filed a lawsuit claiming wrongful termination and coercion related to the company's stablecoin initiatives [1][2]. Group 1: Lawsuit Details - The lawsuit alleges "fiduciary betrayal" by RWA Company, which developed a stablecoin venture that became M^0, a provider for several multi-million-dollar stablecoin projects [2]. - The complaint cites coercion and fraudulent inducement by RWA's executives, Gregory DiPrisco and Joseph Quintilian, who allegedly breached their fiduciary duties to pursue a stablecoin opportunity with CrossLend GmbH [3]. - Glass claims he was excluded from the benefits of the stablecoin business, asserting that M^0 was built upon the RWA and CrossLend partnership [4]. Group 2: Company Background and Developments - M^0 has attracted significant investment from firms such as Wintermute Ventures, ParaFi, and Bain Capital, and played a role in launching MetaMask's stablecoin, mUSD [5]. - The mUSD stablecoin utilizes Bridge, a stablecoin arm of Stripe, for issuance and reserve management, indicating a technological partnership that supports its operational features [5].