Stablecoin Platform M0 Raises $40 Million in Series B Round
Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, bringing total funding to $100 million since its 2023 establishment. Investors included Polychain Capital, Ribbit Capital, and existing backers like Pantera and Bain Capital Crypto. M0 aims to redefine the relationship between token issuers and blockchain developers, emphasizing a "first-principles" approach that separates stablecoin reserve management from programmability. Regulated entities manage the assets backing stablecoins, while developers control asset creation and movement. M0's platform surpassed $300 million in aggregate supply by July. It will support the launch of MetaMask's mUSD stablecoin and has integrated Bridge as its first U.S.-regulated issuer for licensing and reserve management. Other projects on M0's platform include Noble, Usual, Playtron, and KAST.
