Ask about M0

Logo of M0M0(POWER)

Total Value Locked$199.41m

TVL by Chain

Ethereum$199.41m

Key Metrics

Fees 30d$520,567
Fees 30d by chain

Ethereum$520,567

Fees 7d$126,641

Ethereum$126,641

Fees 24h$17,884

Ethereum$17,884

Cumulative Fees$22.24m

Ethereum$22.24m

Revenue 30d$2,446
Revenue 30d by chain

Ethereum$2,446

Revenue 7d$647.51

Ethereum$647.51

Revenue 24h$85.98

Ethereum$85.98

Cumulative Revenue$336,713

Ethereum$336,713

Holders Revenue 30d$2,446
Holders Revenue 30d by chain

Ethereum$2,446

Holders Revenue 7d$647.51

Ethereum$647.51

Holders Revenue 24h$85.98

Ethereum$85.98

Cumulative Holders Revenue$336,713

Ethereum$336,713

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

WebsiteX/Twitter
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 GitHub

Competitors

Circle USDCTetherMetaMask USDPaxos Stablecoin IssuerRipple USD

Frequently Asked Questions

What is M0's TVL?

M0 currently has $199.41m in total value locked. TVL has increased 7% over the past 30 days.

What chains does M0 operate on?

M0 operates on Ethereum. Ethereum holds the largest share at 100%.

How much has M0 generated in fees and revenue?

Over the past 30 days, M0 generated $520,567 in fees. Of that, $2,446 was protocol revenue. Based on the trailing year, the annualized rate is $15.59m in fees and $54,304 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 $199.21m 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.