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Stablecoin infrastructure company M0 completes $40 million financing.
On August 28, news reported by Fortune stated that the stablecoin infrastructure development company M0 announced the completion of a $40 million Series B funding round, led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst, Pantera, and Bain Capital Crypto.
M0 is building a network layer that enables interoperability and liquidity connectivity between different stablecoin issuers. M0 co-founder and CEO Luca Prosperi stated that the company will focus on scaling the network over the next 2-5 years. Notably, the cryptocurrency wallet MetaMask recently announced a partnership with M0 to launch its stablecoin.