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M^0 secures $35M Series A round for stablecoin issuance network

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As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet.

Decentralized infrastructure provider M^0 has secured $35 million in a Series A round for its stablecoin issuance platform.

M^0 allows institutional clients to mint stablecoins based on high-quality collateral, such as United States Treasurys. The process is akin to asset tokenization, allowing institutional investors to convert assets into digital tokens — in this case, a stablecoin.), uses a similar mechanism, but instead of relying on traditional assets as collateral, crypto assets are locked in smart contracts and used as collateral for DAI minting.

The adoption of stablecoins is expected to grow, particularly in decentralized finance applications such as asset tokenization, as well as in remittances. According to DefiLlama, the market cap of all stablecoins is $160 billion at the time of writing.

 

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