M0, a stablecoin infrastructure company, has raised $40 million in a Series B funding round. The round was led by prominent crypto venture firm Polychain Capital and fintech-focused Ribbit Capital, with participation from Endeavor’s Catalyst Fund. M0 is building a platform to facilitate the issuance and use of stablecoins across various blockchain networks.

This funding highlights the growing investor confidence in the foundational layers of the stablecoin ecosystem. As the demand for stablecoins in payments, remittances, and DeFi continues to grow, the infrastructure to support their seamless operation becomes increasingly critical.

The investment from both crypto-native and traditional fintech VCs indicates a broadening consensus on the importance of stablecoins in the future of finance. This move signals a strategic focus on building robust infrastructure to support the expanding stablecoin market.