Key Metrics
Fees (Annualized)$16.99m
Fees 30d$750,851
Ethereum$750,851
Fees 7d$143,812
Ethereum$143,812
Fees 24h$16,788
Ethereum$16,788
Cumulative Fees$21.5m
Ethereum$21.5m
Revenue (Annualized)$56,660.62
Revenue 30d$5,486.99
Ethereum$5,486.99
Revenue 7d$4,014.18
Ethereum$4,014.18
Revenue 24h$64.29
Ethereum$64.29
Cumulative Revenue$333,412.62
Ethereum$333,412.62
Holders Revenue (Annualized)$56,660.62
Holders Revenue 30d$5,486.99
Ethereum$5,486.99
Holders Revenue 7d$4,014.18
Ethereum$4,014.18
Holders Revenue 24h$64.29
Ethereum$64.29
Cumulative Holders Revenue$333,412.62
Ethereum$333,412.62
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
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 $189.18m in total value locked. TVL has decreased 38.8% over the past 30 days.
How much has M0 generated in fees and revenue?
Over the past 30 days, M0 generated $750,851 in fees. Of that, $5,486.99 was protocol revenue. Based on the trailing year, the annualized rate is $16.99m in fees and $56,660.62 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 $189.18m 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.
