Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$237.27Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $237.27 | -- | -- | -- |
| Oct 2026 | $2.76K | -- | -- | -- |
| Sep 2026 | $2.3K | -- | -- | -- |
| Aug 2026 | $5.53K | -- | -- | -- |
| Jul 2026 | $1.99K | -- | -- | -- |
| Jun 2026 | $1.95K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About M0
M0 is modular infrastructure for on-chain finance that helps businesses design, integrate and issue their own stablecoins, with multi-chain support and liquidity arrangements. It features a configurable stablecoin issuance framework.
The project splits stablecoin issuance, compliance and liquidity into configurable modules so issuers can combine and adjust them as needed, with developer documentation and APIs. Emphasizing modularity, auditability and multi-chain support, it serves businesses and institutions that want to issue stablecoins and allows flexible configuration, making it a closely watched project in stablecoin infrastructure.
In early 2023, M0—founded by MakerDAO and Circle veterans Luca Prosperi and Gregory Di Prisco—closed a $22.5M seed led by Pantera Capital, positioning itself as modular, interoperable stablecoin-issuance infrastructure.
In June 2024, M0 raised a $35M Series A led by Bain Capital Crypto and deployed its core protocol and Two-Token Governor on Ethereum mainnet, entering limited availability with the first Minter and Validator permissioned by governance.
In March 2025, Cosmos-based Noble launched the USDN dollar stablecoin using M0's decentralized infrastructure, with $M as its core building block, offering a "trustworthy neutral digital dollar" to the interchain ecosystem.
On April 8, 2025, M0 extended its programmable stablecoin platform to Solana, with neobank KAST as the first issuer building branded digital dollars; circulating supply on its platform had then surpassed $170M.
On August 28, 2025, M0 closed a $40M Series B led by Polychain Capital and Ribbit Capital, bringing total funding to about $100M and reinforcing its "money middleware" challenge to centralized stablecoin issuance.
In December 2025, NYSE-listed Exodus announced a fully reserved dollar stablecoin built on M0's open infrastructure with MoonPay, joining Circle and PayPal among the few public-company stablecoin issuers.
In March 2026 M0 partnered with MoonPay to connect compliant on- and off-ramps to its issuance stack. On April 21, KAST issued USDK for payments and the yield-bearing USDKy on Solana using M0; USDKy powers KAST's USD Prime Vault, earning yield from short-term U.S. Treasury reserves. On April 30, Anchorage Digital formed a strategic partnership with M0, combining M0's modular issuance layer with Anchorage's regulated issuance, custody and reserve management to give U.S. institutions a path to launch branded stablecoins. M0's design keeps each issuer's branded stablecoin 1:1 interoperable with the base token M and inside a shared liquidity pool.
The M0 protocol avoids external oracles, measures all assets directly in USD, and uses a two-stage minting process.
M0 sells the right to issue rather than a stablecoin: three layers separate token design, cross-chain distribution and the issuer, so clients can bring or replace an issuer, and Stripe, MetaMask, MoneyGram and KAST run on the same contracts. The 19 live stablecoins on the network move roughly USD 30 billion annualised, a volume that says distribution channels decide share more than reserve yield does. With the GENIUS Act in force, US-compliant issuance needs bank-grade custody and reserve management, which the Anchorage Digital partnership supplies as a licensed wrapper while M0 retreats to the technology layer and infrastructure fees; reserve transparency and the marginal cost of multichain deployment become the moat as issuers multiply.
Luca Prosperi, Co-founder and CEO: bachelor's and master's degrees in Economics from Bocconi University and an MBA in Finance from London Business School; formerly an associate in Morgan Stanley's financial institutions group and a principal at Partners Capital, he later worked on lending oversight at MakerDAO, founded M0 in 2023 and chairs its foundation. Gregory Di Prisco, Co-founder and Chief Architect: BS in Economics from Villanova University with an exchange term at Bocconi; formerly head of business development at MakerDAO and co-founder of Ajna Labs, he co-founded M0 in 2023 and leads protocol architecture and governance design. Oliver Schimek, Co-founder and COO: formerly CEO of CrossLend and chief investment officer at Monedo, he helped design the protocol framework and issuer network in 2023 and runs day-to-day operations. Joao Reginatto, CPO: after eight years at Circle as the executive in charge of stablecoins, he joined M0 to own the development roadmap, issuer network and onchain integrations. Core members largely come from the MakerDAO and Circle ecosystems.
M0 recently welcomed Elias Moreno as a Senior Solana Engineer, joining in July 2026. He brings a strong background in Rust and payments infrastructure, having led the stablecoin payments API Grid at Squads Labs for clients like Coinbase, and previously served as a founding engineer at Clockwork and CTO at Elmnts. As a modular stablecoin infrastructure with a team across 11 countries, M0 will benefit from Elias's expertise in the Solana ecosystem and Token-2022.