version: 11.0.0
It looks like its true, but you can't compile on MSVC without it.
As a subproject the option needs to be enabled for the target_compile_options to be applied.
include/fmt/base.h forces the define to true.
Line 457 will assert if the /utf8 isn't set.
ref: https://buildbot.mariadb.org/#/builders/234/builds/30730/steps/8/logs/stdio