01 /
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.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries
- Token standards
- erc-20
- Jurisdiction
- US
- Analytics
- defillama.com/protocol/m0
03 /
Milestones
How this player got here.
- Apr 2026Anchorage Digital partnership for unified regulated stablecoin issuance stack
- Aug 2025$40M Series B led by Polychain and Ribbit Capital
04 /
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
Tension
Direct competition or overlapping market position.
