M0 Secures $40M to Revolutionize Stablecoin Programmability

Switzerland's M0, a stablecoin platform focused on developer empowerment, has successfully closed a $40 million Series B funding round.

Funding and Vision

The round was led by prominent investors including Polychain Capital, Ribbit Capital, and the Endeavor Catalyst fund, with existing investors Pantera and Bain Capital Crypto also participating. This brings M0's total funding to $100 million since its inception in 2023.

M0 aims to disrupt the traditional stablecoin model by separating reserve management from programmability. This allows regulated entities to manage the assets backing the stablecoins (like cash and U.S. Treasuries), while developers gain control over who can create, hold, and move these digital assets.

Key Takeaways:

• Decentralized Control: M0 offers developers unparalleled control over stablecoin functionality, enabling application-specific stablecoins.
• Rapid Growth: The platform has witnessed significant growth, surpassing $300 million in aggregate stablecoin supply in July, more than doubling since January.
• MetaMask Integration: M0 will support the launch of MetaMask's mUSD stablecoin on Ethereum and Linea.

Empowering Developers

According to Luca Prosperi, co-founder and CEO of M0, centralized issuance models are insufficient. The company strives to empower fintech developers by providing them with complete control over the digital dollar stack.

M0's platform already supports notable builders such as Noble (token protocol), Usual (stablecoin protocol), Playtron (gaming operating system), and KAST (payments firm).

Partnership with Stripe's Bridge

Notably, Bridge, a stablecoin platform acquired by Stripe for $1.1 billion, is integrated into M0 as its first U.S.-regulated issuer. Bridge will provide licensing, monitoring, and reserve management for mUSD, and its services are also accessible to other firms issuing stablecoins through M0.