Stablecoin infrastructure developer M0 raises $40M

Stablecoin infrastructure developer M0 announced it has raised $40 million in a Series B funding round led by Polychain Capital and Ribbit Capital. Other participants in the round included Endeavor Catalyst, Pantera Capital, and Bain Capital. The deal consists of both equity and a tranche of tokens subject to a lock-up period. M0, which is developing a network to ensure interoperability and liquidity among stablecoin issuers, has now secured a total of around $100 million in funding.