M0 Redefines Stablecoins with $40M Boost and Programmable Dollars

Switzerland-based stablecoin platform M0 has raised $40 million in a Series B funding round, bringing its total capital raised to $100 million since its inception in 2023. The round was led by Polychain Capital, Ribbit Capital, and the Endeavor Catalyst fund, with participation from existing investors such as Pantera and Bain Capital Crypto [1]. This development comes amid growing interest in stablecoin infrastructure, particularly in the wake of regulatory clarity in the U.S. and increased demand for customizable digital dollar solutions.

M0 positions itself as a universal platform that enables developers to create application-specific stablecoins with interoperable liquidity and full onchain programmability [2]. Unlike traditional stablecoin models, M0 separates reserve management from programmability, allowing regulated entities to oversee the assets—such as cash and U.S. Treasuries—backing the stablecoins, while developers define parameters like who can mint, hold, or transfer the tokens [1]. The platform aims to address inefficiencies in the current stablecoin landscape, such as fragmentation and limited interoperability, by providing a common layer that ensures liquidity remains unified across the ecosystem [2].

The platform has already attracted notable partners and developers, including MetaMask, Noble, Usual, KAST, and Playtron. For example, MetaMask’s upcoming mUSD stablecoin is set to be powered by M0, with the token launching on Ethereum and the layer-2 network Linea later this year [1]. Meanwhile, Bridge—acquired by Stripe in 2024—has joined M0 as its first U.S.-regulated issuer, providing licensing and reserve management services for mUSD [1]. This partnership expands M0’s reach into traditional finance and consumer platforms looking to integrate stablecoins into their services [2].

According to M0 CEO Luca Prosperi, the platform’s first-principles design is aimed at empowering fintech developers to control the digital dollar stack they use. “Centralized issuance and simple white-labeling models are far from enough,” Prosperi said. He emphasized that builders require customization, choice in issuance options, and interoperability [2]. Investors have also expressed confidence in M0’s approach, with Polychain Capital’s Josh Rosenthal noting that the platform treats stablecoins as programmable building blocks rather than static instruments, making it well-suited for a wide range of use cases [2].

As of July 2025, M0’s platform had surpassed $300 million in aggregate supply across all M0-powered stablecoins, a 215% increase since the beginning of the year [2]. This rapid growth reflects the rising adoption of application-specific stablecoins across different sectors, from crypto protocols to gaming platforms and neobanks. With the increasing number of stablecoin issuance platforms and the ongoing evolution of regulatory frameworks, M0 is well positioned to play a pivotal role in the next phase of the digital asset ecosystem [1].

Source: [1] Stablecoin Platform M0 Raises $40 Million in Series B Round (https://finance.yahoo.com/news/stablecoin-platform-m0-raises-40-171659917.html) [2] M0 Raises Series B, with investment from Polychain and ... (https://www.m0.org/press-releases/m0-raises-series-b-with-investment-from-polychain-and-ribbit-capital-bringing-total-funding-to-100m) [3] M0 Raises $40 Million for Stablecoin Infrastructure Platform (https://www.pymnts.com/cryptocurrency/2025/m0-raises-40-million-for-stablecoin-infrastructure-platform/)