Ask about M0
Key Metrics
Fees 30d$545,032
Fees 30d by chain
Ethereum$545,032
Fees 7d$116,692
Ethereum$116,692
Fees 24h$16,620
Ethereum$16,620
Cumulative Fees$21.85m
Ethereum$21.85m
Revenue 30d$5,733.58
Revenue 30d by chain
Ethereum$5,733.58
Revenue 7d$697.38
Ethereum$697.38
Revenue 24h$108
Ethereum$108
Cumulative Revenue$335,005.27
Ethereum$335,005.27
Holders Revenue 30d$5,733.58
Holders Revenue 30d by chain
Ethereum$5,733.58
Holders Revenue 7d$697.38
Ethereum$697.38
Holders Revenue 24h$108
Ethereum$108
Cumulative Holders Revenue$335,005.27
Ethereum$335,005.27
Total Raised$97.5m
Apr 5, 2023$22.5mRound: SeedInvestors: Pantera Capital, Salt Fund, Mouro Capital, Road Capital, AirTree Ventures, Standard Crypto, ParaFi Capital, Distributed Capital Partners, Kraynos Capital, Earlybird Venture Capital
Jun 5, 2024$35mRound: Series AInvestors: Bain Capital, Wintermute Ventures, Galaxy, GSR, Caladan, SCB 10X
Aug 28, 2025$40mRound: Series BInvestors: Polychain Capital, Ribbit Capital, Endeavor
Protocol Information
M0 is the modular stablecoin infrastructure. Build a stablecoin around your business, with the freedom to choose your regulated issuer and the option to change later
Audits:
Methodology
TVL: TVL corresponds to the value minted by an institution by depositing short-term T-billsView code on GitHubFees: Total minter fees, penalty fees paid by borrowers, auction proceeds and failed proposals feeView code on GitHubRevenue: Total fees earned by distribution vault(Excess yields, auction proceeds and failed proposals feeView code on GitHubHolders Revenue: All the revenue goes to ZERO governanace token holdersView code on GitHubCompetitors
Frequently Asked Questions
What is M0's TVL?
M0 currently has $185.45m in total value locked. TVL has decreased 35% over the past 30 days.
How much has M0 generated in fees and revenue?
Over the past 30 days, M0 generated $545,032 in fees. Of that, $5,733.58 was protocol revenue. Based on the trailing year, the annualized rate is $16.52m in fees and $55,217.27 in revenue.
How does M0's TVL compare to similar protocols?
Among Stablecoin Issuer protocols tracked by DefiLlama, M0 ranks #1 by TVL. The category holds $185.88m across 6 protocols, and M0 accounts for 100% of that total. Other leading protocols include Circle USDC, Tether, MetaMask USD, Paxos Stablecoin Issuer, and Ripple USD.