M0, a stablecoin-focused startup, has successfully secured $40 million in Series B funding aimed at developing its infrastructure.
Funding Goals and Sources
The Series B funding round, co-led by Polychain Capital and Ribbit Capital, is aimed at expanding M0's network infrastructure to enhance stablecoin interoperability. Other participants in the round include Pantera Capital, Bain Capital Crypto, and Endeavor Catalyst.
Market Impact of the Funding
Approximately $100 million has been raised by the startup to date. The new funding is expected to accelerate M0’s platform development, improving liquidity and interoperability for stablecoins like USDC, USDT, and DAI. It will also impact key assets such as ETH and relevant DeFi protocols.
Comment from M0 Leadership
“The initiative is about creating the ‘base layer of money’ for digital assets, aiming to reduce inefficiencies and duplication in the industry,” said Luca Prosperi, CEO of M0.
The funding secured by M0 highlights the growing interest in digital assets and their market potential, providing support for the resilience of stablecoins and their underlying technology.
