Stablecoin Startup M0 raised 40 million dollars in series B financing while venture capital companies continue to place money in the sector.
The financing cycle was led by Polychain and Ribbit Capital and included contributions from the Endeavour catalyst fund and existing investors Pantera and Bain Capital Crypto, according to an announcement sent by email on Thursday.
The news was reported earlier by fortune.
M0, which has now raised nearly $ 100 million in capital, refused to disclose its assessment in the financing tour, according to the report.
The startup is building a network for stablecoin issuers to deploy tokens without having to create their own software to transfer assets through the chains or change a token for another.
Luca Prosperi, co-founder and CEO, sums up the project’s objective as building “the zero silver layer”, according to the fortune report.
The stablecoins – tokens set for the value of a traditional financial asset such as a fiduciary currency – proliferated in 2025, driven by the promise of clear regulation in the United States, which materialized with the adoption of the engineering law last month.
The market capitalization of Stablescoins exceeded $ 289 billion as this month, more than double size in 2025.
This trend was accompanied by venture capital companies stacking money in stable projects through a series of financing sleeves, of which M0 is one of the largest.
Read more: the blockchain focused on stable connection increases $ 28 million to supply stable payments
UPDATE (August 28 4:30 p.m. UTC):: Updates to reflect primary supply are the M0 email announcement, rather than makeshift report.
CORRECTION (August 28 4:30 p.m. UTC):: Corrects the name of MO’s company in M0.
