M^0

On-chain AUM$193.14m

Platform totals

Live assets1

Chains2

DeFi TVL$1,925

DeFi TVL / AUM0.001%

Confirmed attestations1 / 1

Primary accessPermissionless (1)

Totals for filtered assets

$193.18m

$1,925

Assets Rankings

Name	Asset Group
M by M^0M	Fiat Currencies	$1	$193.18m	$193.18m	$1,925	0.001%			M^0	Fiat Stablecoins	USD Stable	Permissionless	Asset	RWA	M^0 (federated Minters)	Yes	Yes		Yes		Yes	Yes

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.

USD StableFiat StablecoinsPermissionless

Website Docs

Profile

Founded: 2023
Headquarters: Zug, Switzerland
Primary chain: Ethereum
Parent platform: M^0
Issuer: M^0 (federated Minters)

Economics & revenue

Revenue confidenceIssuer-Disclosed

Fees last verified2026-07-09

Attestations & 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

Revenue methodology & documents

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.

Issuer registry, regulation & leadership

Founders and leadership

Luca Prosperi — Co-Founder, CEO Greg Di Prisco — Co-Founder Joao Reginatto — Chief Strategy Officer

Regulatory status

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.

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.

Issuer source