Stablecoin Protocol M^0 Secures $35 Million in Series A Funding
CryptoNewsTerminal Staff05 Jun, 2024
Stablecoin Protocol M^0 Secures $35 Million in Series A Funding
The stablecoin protocol M^0 has closed a successful Series A funding round led by Bain Capital. The round saw the participation of Galaxy Ventures, Wintermute Ventures, and GSR. The $35 million raised will be used to further the development and adoption of the M^0 stablecoin protocol. M^0 is a stablecoin protocol that aims to provide a decentralized and scalable platform for the creation and trading of stablecoins. The protocol offers a range of features that include low transaction fees, fast settlement times, and high levels of security. M^0 is committed to driving the adoption of stablecoins and making them more accessible to a wider audience.
