Brief
Stablecoin issuance middleware. $100M raised from Pantera, Polychain, Ribbit Capital. Bridge/Stripe, Usual, Noble, MoonPay, KAST, and Exodus all use M0 to mint custom stablecoins. April 30, 2026: partnered with Anchorage Digital. M0 handles the modular design and interoperability layer, Anchorage handles regulated issuance, custody, and reserves. Combined stack pitched to fintechs and payment platforms looking to launch their own US-regulated dollar.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Anchorage and M0: stablecoin issuance partnership (opens in a new tab)
Checked
- April 30, 2026 announcement assigns design/interoperability to M0 and regulated issuance/custody/reserves to Anchorage.
- Centrifuge: M0 adds JTRSY collateral (opens in a new tab)
Checked
- M0 added JTRSY as eligible collateral for its stablecoin network through a Centrifuge partnership. Issuers gain another route to short-duration Treasury exposure; eligibility does not imply that every M0 issuer has allocated.
Recent activity
Latest moves on the changelog feed.
- Jul 16, 2026WIRED
M0 added JTRSY as eligible collateral for its stablecoin network through a Centrifuge partnership. Issuers gain another route to short-duration Treasury exposure; eligibility does not imply that every M0 issuer has allocated.
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries
- Token standards
- erc-20
- Jurisdiction
- US
- Analytics
- defillama.com/protocol/m0
Milestones
How this player got here.
- Jul 2026JTRSY became eligible collateral across the M0 network
- Apr 2026Anchorage Digital partnership for unified regulated stablecoin issuance stack
- Aug 2025$40M Series B led by Polychain and Ribbit Capital
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
- EthereumBuilds onPrimary chain
- SolanaBuilds on
- ArbitrumBuilds on
- OptimismBuilds on
- Usual ProtocolIntegratesUsualM built on M0
- NobleBuilds on
- StripeIntegratesBridge/Stripe issues mUSD via M0
- WormholeIntegratesCross-chain via NTT
- WintermuteIntegratesEarner and market maker
- GSRIntegratesEarner and market maker
- Anchorage DigitalIntegratesJoint stablecoin issuance stack. M0 design, Anchorage regulated issuance and reserves
- JTRSYIntegratesEligible stablecoin collateral
- CentrifugeIntegratesJTRSY collateral partnership
Tension
Direct competition or overlapping market position.
