StableCOin -Startart M0 has collected $ 40 million in Series B financing as venture capital companies continue to pile money into the sector.
The financing round was led by Polychain and Ribbit Capital and included contributions from Endeavor Catalyst Fund and existing investors Pantera and Bain Capital Crypto, according to an E email message on Thursday.
The news was reported earlier by Fortune.
M0, which has now collected nearly $ 100 million in capital, refused to reveal its valuation in the financing round, according to the report.
Start -up builds a network for stableecoin issuers to implement tokens without having to build their own software to transfer assets across chains or switch one token to another.
Luca Prosperi, co -founder and CEO, summarizes the project’s goal as to build “Layer Zero of Money” according to Fortune’s report.
StableCOins – token linked to the value of a traditional financial asset, such as a Fiat currency – is spread by 2025, driven by the promise of clear regulation in the United States, which was made with the adoption of the Genius Act last month.
The market value of stableecoins exceeded $ 289 billion as this month, more than doubled in size in 2025.
This trend has been accompanied by venture capital companies that jump money in stablecoin projects through a series of financing rounds, of which M0s are one of the largest.
Read more: Tether Focused Blockchain stabil raises $ 28m to Power StableCOin payments
Update (August 28, 16:30 UTC): Updates to reflect Primary Sourcing is M0S E -Mail message rather than Fortune’s report.
CORRECTION (August 28, 16:30 UTC): Corrects the company’s name from MO to M0.
