M M by M0 USD
USD-pegged · fiat-backed · #30 by USD value
Peg history unavailable for M — we only hold daily price history for coins with a CoinGecko listing in our tracked set.
Supply Over 90 Days
About M by M0
M by M0 holds tokenized us treasuries (m0) against its M supply, issued by M0. Supply spans 8 chains, with Ethereum holding 91% of it. Figures on this page come from DefiLlama and refresh daily at 00:00 UTC.
Chain Distribution supply by blockchain
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 90.8% | $258.0M |
| Solana | 5.4% | $15.5M |
| Monad | 2.5% | $7.1M |
| Noble | 1.0% | $2.9M |
| Hyperliquid L1 | 0.2% | $466,265 |
| Arbitrum | 0.1% | $165,753 |
| OP Mainnet | 0.0% | $13 |
| Plume Mainnet | 0.0% | $0 |
Supply Changes
Frequently Asked Questions
What backs M?
M is backed by tokenized us treasuries (m0). The issuer is M0. Reserve composition is as reported by the issuer; this page does not audit it.
How is M different from USDT and USDC?
USDT and USDC are the two largest USD stablecoins by circulation. M shares the USD peg but differs in issuer, reserve composition, chain mix, and where it is accepted. Use the comparison pages below for a field-by-field breakdown.
Where does the data on this page come from?
Circulating supply and chain distribution come from DefiLlama's stablecoin API; price and 24h volume come from CoinGecko. The page rebuilds daily at 00:00 UTC. Non-USD coins are converted to USD-equivalent using approximate reference rates, so those figures are indicative rather than exact.
Details
| Full Name | M by M0 |
| Symbol | M |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Tokenized US Treasuries (M0) |
| Issuer | M0 |
| Chains Deployed | 8 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-08-09 · refreshes daily 00:00 UTC |
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