Crypto Startup M0 Raises $40 Million to Build “Layer Zero” for Stablecoins
Key Takeaways
- M0 secured $40 million in Series B funding led by Polychain and Ribbit Capital.
- The startup aims to build a shared network for stablecoin issuers to ensure interoperability and liquidity.
- M0 has raised nearly $100 million so far and plans rapid scaling before focusing on profitability.
$40 Million for a New Stablecoin Infrastructure Layer
M0, a crypto startup focused on stablecoin infrastructure, announced on Thursday it raised $40 million in Series B funding. The round was led by crypto venture capital firm Polychain and fintech investor Ribbit Capital. Other participants included Endeavor Catalyst, Pantera, and Bain Capital Crypto.
This latest raise brings M0’s total funding to nearly $100 million, though the company did not…
