Stablecoin infrastructure company M0 completes $40 million Series B funding, led by Polychain and Ribbit Capital

ChainCatcher news, stablecoin startup M0 has completed 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 different stablecoin issuers to achieve interoperability and liquidity connectivity. M0 co-founder and CEO Luca Prosperi stated that the company will focus on scaling the network over the next 2-5 years. Notably, the cryptocurrency wallet MetaMask recently announced a partnership with M0 to launch its stablecoin.