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August 28, 2025 – M0, the pioneering infrastructure platform building the future of digital dollars, today announced the successful close of a $40 million Series B funding round. The round was co-led by leading crypto venture capital firm Polychain and fintech investor Ribbit Capital, with significant participation from Endeavor Catalyst and existing investors Pantera and Bain Capital Crypto. This latest investment propels M0’s total capital raised to nearly $100 million, solidifying its position as the foundational layer for safe, programmable, and interoperable stablecoins.
M0 is rapidly advancing its mission to become the "layer zero of money," providing a robust and flexible infrastructure that enables any institution to mint and manage digital dollars. The platform is designed to unify the fragmented stablecoin market, ensuring seamless interoperability and deep liquidity across diverse digital assets.
"We cannot have 1,000 different Tethers and Circles," said Luca Prosperi, Co-founder and CEO of M0. "What we did is create a layer where different issuers can come and connect and just ensure interoperability, liquidity among themselves. My mandate as a CEO in the next two to five years is to scale this network as much as possible. This is the obsession.”
The Series B follows M0's $35 million Series A round in June 2024, led by Bain Capital Crypto, with support from Galaxy Ventures, Wintermute Ventures, and GSR. Prior to that, M0 secured $22.5 million in seed funding in early 2023, led by Pantera Capital. The consistent backing from top-tier investors underscores the critical need for M0’s universal stablecoin infrastructure in a rapidly evolving financial landscape.
M0’s platform empowers stablecoin builders with unparalleled customization and control. It allows for the definition of access, risk, and compliance rules, management of yield distribution, and seamless upgrades—all through transparent, on-chain code. By relying on M0 issuers for robust reserves, the platform ensures the stability and reliability of the stablecoins minted on its network.
"Stablecoins are proliferating," noted Josh Rosenthal, General Partner at Polychain. "This is one of the hotter areas within the market—within all of fintech, frankly.”
A key differentiator of M0 is its shared liquidity network. All stablecoins built on M0 are natively swappable through composable on-chain operations, essentially sharing a single liquidity layer. This provides access to deep on-chain liquidity and 24x7 minting services, addressing a critical need for faster, cheaper, and more efficient global payments.
Stefan Cohen, a Partner at Bain Capital Crypto, added, “Stablecoins are the largest and fastest growing asset for settlement on public blockchains today. We expect this market to continue to grow quickly to trillions of dollars over the next decade.”
Founded by Luca Prosperi and Gregory Di Prisco, both alums of MakerDAO, M0 is built on a decentralized stablecoin protocol with a multi-issuance model, an independent validator set, and credibly neutral governance. This architecture ensures trust, transparency, and resilience, setting a new standard for digital dollar infrastructure. M0 is already trusted by prominent stablecoin builders including Noble Dollar, UsualM, USDai, MetaMask USD, and USDhl.
As stablecoins continue their trajectory toward a trillion-dollar market capitalization by 2030, M0 is strategically positioned at the forefront of this transformation. The new funding will be deployed to further scale the network, enhance its technological capabilities, and onboard more institutions, driving the widespread adoption of digital dollars across global commerce.
About M0:
M0 is the universal stablecoin platform, providing enterprise-grade infrastructure for builders of safe, programmable, and interoperable digital dollars. With a focus on decentralization, shared liquidity, and customizable on-chain controls, M0 enables fintechs, stablecoin builders, and integrators to harness the full potential of stablecoins for a more fluid and efficient global financial system.Compiled by CMO Intern team
