M0

M0 is a stablecoin infrastructure company that provides rails for crypto applications, protocols and fintechs to issue their own application-specific stablecoins rather than adopting a single branded token from a centralized issuer. The platform separates reserve management from programmability: regulated entities connect to hold and manage the reserves backing tokens (such as cash and U.S. Treasuries), while developers configure how their stablecoin behaves, including who can mint, hold and transfer it, plus rewards, access control and related revenue or loyalty mechanics. Every dollar issued on the platform sits on a common base layer, which the company says keeps liquidity unified across the ecosystem as new specialized stablecoins are added.

The company describes its stack as three independent, configurable layers: an application layer for token design (Stablecoin Extensions covering templates, access controls and customization), a distribution layer (Onchain Orchestration for liquidity routing and cross-chain delivery), and an issuance layer, where builders can select an issuer powered by M0 or become their own issuer and later swap providers. M0 is not itself an issuer; issuers effectively wrap the base M0 coin and add their own features. Ledger Insights reported that within about a year of launch the network had four live stablecoins.

CEO Luca Prosperi has described the goal as building a "layer zero of money" — a layer where different issuers connect to ensure interoperability and shared liquidity — and has said the near-term priority (two to five years) is scaling the network of issuers rather than profitability.