Ask about M^0 · free
M^0
Active AUM
$223.08mKey Metrics
Onchain AUM$223.08m
Change (24h)-2.06%
Active / Onchain100%
DeFi Active TVL$52,730
Change (24h)+2,574%
Utilization<0.1%
Largest ProtocolNerona$52,263
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| USD Stable | $223.08m | $223.08m | -0.34% | $52,730 | 0.024% | +2,590% | $1 | |||
About M^0
M^0 issues a fiat-backed stablecoin maintained at parity with its reference currency through reserve backing and redemption mechanisms. It enables fast, low-cost settlement of stablecoin transactions.
Entity
Legal entityM^0 (federated Minters)
HeadquartersZug, Switzerland
Founded2023
Primary chainEthereum
Entity structure
The Swiss M0 Foundation promotes the protocol while a separate development company, M0 Labs, raised the venture funding. Protocol control sits with the onchain Two Token Governor where POWER holders vote on regular proposals and ZERO holders on key changes.
Regulation
The M0 Foundation is a Swiss foundation in Zug supervised by the federal foundation supervisory authority, and neither it nor the protocol holds a FINMA license. Stablecoin issuance on the network is performed by permissioned third party issuers described as regulated in their own jurisdictions, such as Anchorage Digital, Bridge, MoonPay, and MXON. The Foundation states it is not a protocol actor.
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeem1 of 1
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Fees & revenue
ConfidenceIssuer-Disclosed
Fees Last Verified2026-07-09
No static fee schedule. A governance set Minter Rate is charged continuously on each issuer outstanding M balance, calibrated below collateral yield so issuers keep a margin, and an Earner Rate is paid to approved earners with payouts capped at minter rate accruals. Live parameters are onchain.
Milestones
- 2026-06MoneyGram launched MGUSD built on M0
- 2025-0840 million Series B from Polychain and Ribbit bringing total funding to 100 million
- 2025-04launched on Solana with KAST
- 2025-03Noble launched USDN built on M0
- 2024-07MXON became the first live minter
- 2024-0635 million Series A led by Bain Capital Crypto