Stablecoin infrastructure company M0 completes $40 million funding round
On August 28, according to Fortune, 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 sharing among different stablecoin issuers. Luca Prosperi, co-founder and CEO of M0, stated that the company will focus on expanding the network scale over the next 2-5 years. Notably, cryptocurrency wallet MetaMask recently announced a partnership with M0 to launch its stablecoin.
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