M0
M0 is a Swiss-domiciled modular stablecoin infrastructure platform that enables fintechs, payment platforms, and protocol developers to design, distribute, and issue their own application-specific stablecoins. Its three-layer Application, Distribution, and Issuance stack supports multi-chain deployment and partner-issuer optionality.
- Company typePrivate
- Founded2023
- HeadquartersZug, Switzerland
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What M0 does
M0 is a Swiss-domiciled, venture-backed modular stablecoin infrastructure platform founded in 2023 (originally as M^ZERO) that enables businesses to design, integrate, and issue application-specific stablecoins without building a full-stack issuance platform from scratch. Its core product is a set of smart contracts deployed on Ethereum that coordinate permissioned institutional actors to generate the functional token $M, governed on-chain by the M0 Two Token Governor (TTG) using POWER and ZERO tokens. The platform is organized into three independently configurable layers — Application (Stablecoin Extensions with templates for Treasury, Multi-collateral, and Institution use cases plus access controls and onchain risk screening via Predicate), Distribution (Onchain Orchestration providing liquidity routing and cross-chain portability), and Issuance (Stablecoin Core with optionality to partner with an existing issuer, switch issuers later, or become one's own issuer). The stack has expanded from Ethereum mainnet (Jun 2024) to Solana (Apr 2025), to multichain via Wormhole (Oct 2024), and to the Bitcoin ecosystem via Mezo and Citrea.
M0 operates a sales-led enterprise go-to-market targeting fintechs, payment platforms, application developers, and regulated institutions. Distribution relies on a hybrid of direct enterprise sales ("Talk to our team" CTA), channel partnerships with integrated issuer/distributors (MoonPay, Bridge, Anchorage, Fireblocks, Brale, 1Money, MXON), API-first developer self-serve via docs.m0.org and an Ecosystem Dashboard, and conference-led community engagement. Pricing is bespoke and quote-based rather than publicly tiered, with multi-year contracts; revenue mechanics include infrastructure/issuance fees and reserve-yield participation tied to high-quality collateral such as U.S. Treasuries and BlackRock's BUIDL tokenized money market fund. Named customers include PayPal, MoneyGram, Anchorage Digital, MetaMask, MoonPay, Exodus, KAST, Noble, Usual, Citrea, Playtron, Brale, 1Money, MXON, and USD.ai, with flagship outcomes including MetaMask USD reaching $65M supply in one week and UsualM reaching $1B market cap in four months.
The company has raised approximately $100 million across three rounds: a $22.5M seed (Apr 2023, Pantera-led), a $35M Series A (Jun 2024, Bain Capital Crypto-led), and a $40M Series B (Aug 2025, co-led by Polychain, Ribbit Capital, and Endeavor Catalyst). It is operated by the M0 Foundation, a foundation established under the laws of Switzerland and domiciled in Zug, with additional operational presence in New York. The organization remains small (11-50 employees) and is actively hiring across engineering, legal, operations, and product, including senior roles such as Head of Security & Risk and Senior Counsel, consistent with a buildout of regulated issuance capabilities.
M0 firmographics
Firmographics- Name
- M0
- Legal name
- M0 Foundation
- Website
- https://m0.org
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- M0 is a Swiss-domiciled modular stablecoin infrastructure platform that enables fintechs, payment platforms, and protocol developers to design, distribute, and issue their own application-specific stablecoins. Its three-layer Application, Distribution, and Issuance stack supports multi-chain deployment and partner-issuer optionality.
- Ownership category
- akta.pro rank
M0 industry classification
Industry- Product category
- Stablecoin Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Systems Design and Related Services (54151)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where M0 is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices2 records
Markets served
M0 business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Stablecoin Infrastructure as a Service: M0 provides modular infrastructure powering builders of application-specific stablecoins. Revenue model is not explicitly disclosed publicly; the company offers 'Talk to our team' as the onboarding CTA, suggesting enterprise contract-based pricing rather than transparent self-serve pricing. Likely includes setup/integration fees and ongoing usage-based or transaction-based fees.
- Ecosystem Transaction & Reserve Yield: M0 enables reserves that back $M to generate yield from high-quality assets like U.S. Treasuries and tokenized money market funds (e.g., BlackRock's BUIDL as eligible collateral). The protocol's design routes reserve rewards across configured Treasury/Multi-collateral/Institution templates, providing a revenue mechanism tied to reserve management and ecosystem transaction volume.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing — contact sales for quote |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels8 records
M0 product offering
Product offeringCore offering
M0 provides a modular stablecoin infrastructure platform that lets companies design, issue, and manage their own application-specific stablecoins through three independently configurable layers — Application (Stablecoin Extensions), Distribution (Onchain Orchestration), and Issuance (Stablecoin Core). Built as smart contracts on Ethereum and extended across Solana, Wormhole-connected chains, and the Bitcoin ecosystem via Mezo, the platform enables any business to launch a branded, programmable digital dollar — choosing an existing issuer partner or becoming their own — with optionality to swap issuers and partners over time without rebuilding the underlying stack.
Differentiator
Problem solved
Functional benefit
Products and services
- M0 Modular Stablecoin Infrastructure Platform End-to-end modular stablecoin infrastructure platform that lets enterprises, fintechs, and developers design, integrate, and issue their own application-specific stablecoins on Ethereum, Solana, Wormhole-connected chains, and the Bitcoin ecosystem. Combines Application, Distribution, and Issuance layers into a single, configurable stack with optionality to swap partners and issuers over time.
- Stablecoin Extensions (Application Layer) Configurable application-layer toolkit that lets builders design token behavior, configure rewards, define access controls, and apply pre-built monetization templates (Treasury, Multi-collateral, Institution) plus onchain risk screening via Predicate integration. Used by issuers and developers to customize the economic and policy logic of their branded stablecoin.
- Onchain Orchestration (Distribution Layer) Distribution layer providing scalable liquidity routing, cross-chain portability, and ecosystem interoperability. Lets any M0-powered stablecoin convert 1:1 against USDC and USDT and move across chains out-of-the-box without bespoke bridges.
- Stablecoin Core (Issuance Layer) Issuance layer that allows builders to partner with an existing M0-powered issuer (such as MXON, Bridge, MoonPay, 1Money, Anchorage, or Brale), switch issuers later, or become their own issuer by holding reserves and running a M0 Stablecoin Core to mint. Provides optionality and avoids lock-in to a single minting partner.
- M0 Two Token Governor (TTG) Fully decentralized and permissionless on-chain governance mechanism managing mutable Protocol parameters, Protocol Actor permissions, SPV operator whitelisting, and Adopted Guidance. POWER token enables regular governance proposals and voting; ZERO token votes on important changes — together removing reliance on a single corporate controller.
- Pre-built Stablecoin Templates (Treasury, Multi-collateral, Institution) Pre-built monetization templates exposed on the Application layer (Treasury, Multi-collateral, Institution) that let stablecoin builders configure reward economics, collateral composition, and reserve management out-of-the-box rather than designing custom logic from scratch.
Quantifiable outcome
- Reduces stablecoin time-to-launch from months to days (PYUSDx framework)
- +4 more outcomes
Companies that use M0
Customer profileNamed customers17 records
Segments5 records
Ideal customer profiles4 records
M0 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature6 records
M0 partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship, minor and core.
- MoneyGramflagshipMoneyGram launched MGUSD stablecoin on Stellar blockchain using M0 for smart contracts and Bridge (Stripe-owned) for issuance, with Fireblocks for wallet security. The stablecoin is integrated into the MoneyGram app via a self-custodial wallet, supporting MoneyGram's network of 500,000 cash-in/cash-out locations across 170-200+ countries.
- Anchorage DigitalflagshipAnchorage Digital, a federally chartered crypto bank, partnered with M0 to launch a modular stablecoin issuance stack. The collaboration integrates M0's infrastructure layer with Anchorage Digital's regulated issuance and custody services to reduce the high cost and operational complexity of launching regulated digital currencies. Targets the $160 billion stablecoin market. Anchorage subsequently launched tokenized deposit platform and Cashless Reserves model building on this collaboration.
- MoonPayflagshipMoonPay and M0 jointly launched PYUSDx, a tokenisation and issuance framework enabling developers to create application-specific stablecoins backed by PayPal USD (PYUSD). The platform reduces build-to-launch time from months to days. In November 2025, MoonPay launched enterprise stablecoin services integrating M0 across US, Asia, and Latin America, and appointed former Paxos exec Zach Kwartler to lead. USD.ai is the first developer on the platform.
- PayPalflagshipPayPal joined MoonPay and M0 to launch the PYUSDx stablecoin framework. PayPal's stablecoin (PYUSD, issued by Paxos Trust Company) serves as the reserve asset for application-specific stablecoins built on PYUSDx. The platform offers cross-chain compatibility, branded token options, and reserve transparency.
- 1Moneyminor1Money partnered with M0 to launch '1Money Issuance' — listed as one of M0's Partner Stablecoin Issuers on the Products page.
- CitreaminorCitrea tapped MoonPay and M0 to launch ctUSD for the Bitcoin ecosystem. Bitcoin L2 ZK-powered chain launched mainnet on Jan 27, 2026.
- ExoduscoreExodus Movement partnered with MoonPay and M0 to launch a USD-backed digital dollar stablecoin (XO Cash) for everyday payments via the Exodus app and broader ecosystem, expected in early 2026.
- BlackRock (BUIDL)coreBlackRock's BUIDL tokenized money market fund became eligible as collateral on M0. BUIDL has paid out $100M in cumulative dividends since launch in March 2024.
- Bridge (Stripe-owned)flagshipBridge and M0 partnered to help businesses issue custom stablecoins, starting with MetaMask USD (mUSD). Bridge operates as one of M0's listed 'Partner Stablecoin Issuers' on the Products page. Bridge was acquired by Stripe for $1.1 billion earlier in 2025 per Grayscale research.
- MetaMaskflagshipMetaMask partnered with Bridge and M0 to launch MetaMask USD (mUSD), becoming the first self-custodial wallet to introduce its native stablecoin. mUSD reached $65M supply within one week of launch. Featured prominently on M0 website as a flagship case study.
- PlaytronminorPlaytron partnered with M0 and Bridge to launch Game Dollar stablecoin for the gaming ecosystem, including purchases, subscriptions, and rewards. Expected to power upcoming SuiPlay handheld console.
- BraleminorBrale joined M0 as the first U.S. stablecoin issuer on the M0 platform.
- UsualcoreM^0 and Usual launched UsualM, accelerating M^0's ecosystem growth. Usual adopted $M for reserves and reached $1bn market cap in 4 months using M^0's infrastructure.
- NoblecoreCosmos-based Noble launched USDN, a programmatic and composable yield stablecoin, using M^0's infrastructure — first custom stablecoin built on M^0 platform. M^0 and Noble set sights on Tether's $136B empire.
- MezocoreM^0 Foundation and Mezo formed a strategic alliance to bring stablecoin revolution to the Bitcoin ecosystem, promoting passive yield generation and boosting BTCFi liquidity.
- WormholecoreM^0 integrated with Wormhole to make $M stablecoin multichain, enabling cross-chain capabilities. Combined with M^0's Solana launch (Apr 2025), this expanded M0 to a chain-agnostic middleware platform.
- FireblockscoreM^0 integrated with Fireblocks to enhance security and custody infrastructure for the $M stablecoin issuance system. Fireblocks also provides wallet security for downstream stablecoins (e.g., MoneyGram's MGUSD).
- MXONminorMXON became the first live minter on the M^0 Network, completing the first $10 million mint of the $M token (Jul 2024). Listed as a Partner Stablecoin Issuer on the Products page.
Scale indicators9 records
Recent moves8 records
Expansion highlights7 records
M0 competitors and assessment
Company assessmentBroad incumbents
- Stripe: Payments platform that acquired Bridge for $1.1B in 2025 and is integrating stablecoin issuance into its merchant and developer stack. Stripe's distribution to millions of merchants makes it a strategic incumbent whose roadmap could subsume parts of M0's value chain.
- Coinbase: Operator of USDC distribution rails via the Base L2 and a regulated exchange. Coinbase competes with M0 indirectly through deep stablecoin liquidity infrastructure, custody, and developer APIs that are available to enterprise issuers and developers.
- Circle: Issuer of USDC, the second-largest stablecoin globally, with expanding developer APIs and compliance products. Circle competes with M0 at the issuance layer and is the most likely incumbent to ship a modular offering if the market validates M0's architecture.
- Tether: Issuer of USDT, the largest stablecoin by circulation, with dominant presence across exchanges and emerging markets. Tether's scale and distribution depth set the baseline competitive threshold for any new issuance infrastructure player, including M0.
Emerging players
- MoonPay: Crypto on-ramp and payments platform that launched an enterprise stablecoin issuance service in Nov 2025 built on M0. MoonPay's expanding issuance ambitions (Zach Kwartler, ex-Paxos, hired to lead) make it both a partner and a potential competitor at the issuance and distribution layer.
- Anchorage Digital: Federally chartered crypto bank offering custody, trading, and now stablecoin issuance via its partnership with M0. While still emerging in issuance, Anchorage's federal charter gives it a structural moat M0 must continue integrating with rather than compete against directly.
Direct peers
- Paxos: Regulated trust company that issues PayPal's PYUSD and Paxos Gold, and runs an enterprise tokenization platform. Like M0, Paxos combines regulated issuance infrastructure with white-label client issuance, and serves as the reserve-issuer backend for several flagship stablecoin programs.
- Brale: U.S.-focused regulated stablecoin issuance platform that became M0's first U.S. issuer partner. Brale operates its own issuance stack with reserve management and compliance, competing directly with M0 in the U.S. regulated issuance market.
- Conduit: White-label stablecoin issuance platform that lets fintechs and platforms launch their own dollar stablecoins, initially focused on Solana. Conduit competes directly with M0's Stablecoin Core layer for the same 'become your own issuer' customer use case.
- Bridge: Stripe-owned stablecoin issuance platform that partners with M0 as a Stablecoin Core issuer. Both companies enable businesses to launch custom, programmable stablecoins via APIs — Bridge for issuance rails, M0 for modular infrastructure. Direct overlap on MetaMask/mUSD and MoneyGram/MGUSD makes Bridge M0's closest functional comparable.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
M0 social profiles
Digital presenceM0 financial estimates
Financial estimateRevenue estimate
Valuation estimate
M0 leadership team
Management profileNumber of profiles
Profiles4 records
M0 funding detail
Funding detailFunding overview
Funding rounds6 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M0 M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about M0
What does M0 do?
M0 provides a modular stablecoin infrastructure platform that lets companies design, issue, and manage their own application-specific stablecoins through three independently configurable layers — Application (Stablecoin Extensions), Distribution (Onchain Orchestration), and Issuance (Stablecoin Core). Built as smart contracts on Ethereum and extended across Solana, Wormhole-connected chains, and the Bitcoin ecosystem via Mezo, the platform enables any business to launch a branded, programmable digital dollar — choosing an existing issuer partner or becoming their own — with optionality to swap issuers and partners over time without rebuilding the underlying stack.
Is M0 a public or private company?
M0 is a private company. It is classified as venture growth investor backed and is currently operating.
When was M0 founded?
M0 was founded in 2023. It employs 51 to 100 people.
Where is M0 based?
M0 is headquartered in Zug, Switzerland, in the Europe region.
How does M0 make money?
Two revenue lines are on record. Stablecoin Infrastructure as a Service is the primary driver. The others are ecosystem Transaction & Reserve Yield.
Who are M0's main competitors?
Broad incumbents on record are Stripe, Coinbase, Circle and Tether. Emerging players are MoonPay and Anchorage Digital. Direct peers are Paxos, Brale, Conduit and Bridge.
Does M0 have an API?
Yes. M0 provides developer-facing documentation at docs.m0.org supporting integration of its modular stablecoin infrastructure. The platform exposes APIs (Application Programming Interfaces) for sourcing Network Information from validator nodes of the Ethereum public blockchain, used to display protocol data in the Governance Interface. Developers can access M0 Stablecoin Cores, Stablecoin Extensions, and the TTG (Two Token Governor) governance modules, and can integrate the protocol via documentation provided to support stablecoin design (Application layer), integration and liquidity routing (Distribution layer via Onchain Orchestration), and issuance. M0 also publishes an Ecosystem Dashboard (dashboard.m0.org) for tracking ecosystem participants. Developer documentation is at docs.m0.org.
What industry is M0 in?
M0's product category is Stablecoin Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms. Its NAICS code is 518 and its SIC code is 6200.