Key Metrics
Fees 30d$580,764
Fees 30d by chain
Ethereum$580,764
Fees 7d$116,717
Ethereum$116,717
Fees 24h$16,725
Ethereum$16,725
Cumulative Fees$21.8m
Ethereum$21.8m
Revenue 30d$5,487.04
Revenue 30d by chain
Ethereum$5,487.04
Revenue 7d$458.51
Ethereum$458.51
Revenue 24h$61.89
Ethereum$61.89
Cumulative Revenue$334,572.93
Ethereum$334,572.93
Holders Revenue 30d$5,487.04
Holders Revenue 30d by chain
Ethereum$5,487.04
Holders Revenue 7d$458.51
Ethereum$458.51
Holders Revenue 24h$61.89
Ethereum$61.89
Cumulative Holders Revenue$334,572.93
Ethereum$334,572.93
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 $187.63m in total value locked. TVL has decreased 34.6% over the past 30 days.
How much has M0 generated in fees and revenue?
Over the past 30 days, M0 generated $580,764 in fees. Of that, $5,487.04 was protocol revenue. Based on the trailing year, the annualized rate is $16.65m in fees and $55,139.04 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 $187.62m 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.