M0
M^0 Labs
M0 is an on-chain stablecoin issuance protocol that lets approved institutions mint a shared base token ($M), backed by high-quality collateral (e.g. US Treasuries), and wrap it into configurable branded stablecoins. It gives fintechs, payment platforms and institutions a modular infrastructure (application, distribution and issuance layers) to launch their own stablecoin. Founded in 2023 by Luca Prosperi (former MakerDAO), it has raised around $100M in total (a $40M Series B led by Polychain and Ribbit Capital).
Data & conditions
| Account fee | Not disclosed |
|---|---|
| ATM withdrawal | Free |
| Fund custody | Self-custody (funds in your control) |
| Supported countries | US, EEA, APAC |
| Segment | B2B |
| MiCA / License status | Not disclosed |
Strengths
- Modular infrastructure letting third parties issue branded stablecoins on a shared, collateralized base.
- Strong backing (~$100M total) and notable partners in the stablecoin ecosystem.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- B2B infrastructure: not directly accessible to end consumers.
- Relatively young protocol: governance model and adoption still maturing.
- No notable sovereignty drawback documented.
Verdict
Score 4.0/5, very strong profile. In its favour: modular infrastructure letting third parties issue branded stablecoins on a shared, collateralized base. The trade-off to weigh: b2B infrastructure: not directly accessible to end consumers.
On the Sovereignty lens the score is 5.0/5 (outstanding): the strength is fund control (5.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use M0?
No. M0 is an issuance protocol aimed at institutions and fintechs wanting to launch a stablecoin; consumers at most use the branded stablecoins built on top of M0, not the protocol directly.
Does M0 custody user funds?
No. M0 is a non-custodial on-chain protocol: collateral is handled by approved issuers/custodians, not by M0 as an intermediary of end-user funds.
Sources
- Official service page Data verified on Jul 17, 2026
- fortune.com Funding Data verified on Jul 17, 2026