M0 Raises $40 Million to Boost Stablecoin Interoperability

M0 has secured a significant funding boost of $40 million in its Series B round, led by Polychain Capital and Ribbit Capital, with additional backing from Endeavor Catalyst. This investment will drive the development of infrastructure to enhance cross-chain stablecoin operations. The funds aim to increase interoperability between different blockchain platforms, paving the way for smoother and more efficient digital asset transactions within the stablecoin ecosystem.