Venture Capital Fuels Rise of Programmable Stablecoins as Market Reaches $280 Billion

Driven by a surge in investor interest, venture capital firms are pouring money into startups pioneering programmable stablecoins. Two prominent players, M0 and Rain, secured significant funding rounds totaling over $150 million this week alone. This growth coincides with the global market for stablecoins exceeding $280 billion, according to DefiLlama data, indicating a substantial shift towards these innovative digital currencies. 💰