Key Metrics
Fees (Annualized)$17.14m
Fees 30d$826,812
Ethereum$826,812
Fees 7d$189,959
Ethereum$189,959
Fees 24h$26,756
Ethereum$26,756
Cumulative Fees$20.99m
Ethereum$20.99m
Revenue (Annualized)$53,888.61
Revenue 30d$1,936.61
Ethereum$1,936.61
Revenue 7d$454.37
Ethereum$454.37
Revenue 24h$67.63
Ethereum$67.63
Cumulative Revenue$328,517.24
Ethereum$328,517.24
Holders Revenue (Annualized)$53,888.61
Holders Revenue 30d$1,936.61
Ethereum$1,936.61
Holders Revenue 7d$454.37
Ethereum$454.37
Holders Revenue 24h$67.63
Ethereum$67.63
Cumulative Holders Revenue$328,517.24
Ethereum$328,517.24
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 Crypto, 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
Category:Stablecoin Issuer
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 GitHubFrequently Asked Questions
What is M0?
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
What is M0's TVL?
M0 currently has $298.73m in total value locked. TVL has decreased 8.3% over the past 30 days.
How much has M0 generated in fees and revenue?
Over the past 30 days, M0 generated $826,812 in fees. Of that, $1,936.61 was protocol revenue. Based on the trailing year, the annualized rate is $17.14m in fees and $53,888.61 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 $298.73m across 6 protocols, and M0 accounts for 100% of that total. Other leading protocols include Circle, Tether, and MetaMask.

