On August 28th, stablecoin startup M0 announced its completion of a 40 million USD Series B funding round, led by Polychain and Ribbit Capital, with other participants including Endeavor Catalyst Fund and existing investors such as Pantera and Bain Capital Crypto.
M0 has raised nearly 100 million USD to date. The company aims to create a seamless network for stablecoin issuers, eliminating the complexities of asset movement across blockchains and software changes.
M0 has also partnered with MetaMask to launch its stablecoin, expanding its reach in the crypto market and enhancing its offering to stablecoin issuers.
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