Stablecoin Startup Mo Raises $40M Series B Funding

Stablecoin infrastructure startup M0 has raised $40 million in a Series B funding round led by Polychain Capital and Ribbit Capital, with participation from Endeavor Catalyst, Pantera, Bain Capital Crypto, and others, bringing its total funding to nearly $100 million. Founded in 2023 and led by veterans from firms like MakerDAO and Circle, M0 aims to provide a unified platform that allows issuers to deploy customizable, interoperable, and fully on-chain stablecoins without building their own software, facilitating seamless cross-chain transfers and efficient token swapping. The company’s platform separates reserve management by regulated entities from programmability by developers, enabling control over minting, holding, transfers, and new revenue streams. M0's CEO, Luca Prosperi, describes the project as building the "layer zero of money," seeking to unify liquidity and interoperability among stablecoin issuers to address the challenges of multiple competing tokens. The rise of stablecoins has been accelerated by the recent GENIUS Act signed by President Donald Trump, which introduced regulatory clarity, causing the market capitalization of stablecoins to more than double in 2025 to over $289 billion. Venture capital interest in stablecoin projects like M0 reflects the sector's rapid growth and the increasing interest from major fintech players and banks exploring stablecoin integration.