M0, a Switzerland-based stablecoin platform, has secured $40 million in a Series B funding round, raising its total funding to $100 million since its establishment in 2023. The investment, led by Polychain Capital, Ribbit Capital, and others, aims to redefine interactions between token issuers and blockchain developers. M0 separates stablecoin reserve management from programmability, allowing regulated entities to manage backed assets while providing developers the flexibility to control asset creation and transactions. The platform surpassed $300 million in aggregate supply earlier this year and plans to support the launch of MetaMask’s mUSD stablecoin, demonstrating its commitment to enabling application-specific stablecoins. Notably, M0 has integrated Bridge, a payments solution acquired by Stripe, as its first U.S.-regulated issuer, further solidifying its position in the stabilized crypto ecosystem.

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