M^0 Foundation has successfully raised $35 million in a Series A funding round led by Bain Capital Crypto, with participation from Earlybird, Pantera Capital, Galaxy Digital, Wintermute, GSR, Caladan, and SCB 10X. The funds will be used to democratize access to money issuance infrastructure, focusing on open, decentralized, and interoperable money technology. The deployment will occur on the Ethereum Mainnet, aiming to bring greater liquidity to the stablecoin market. Key team members include Luca Prosperi, G Dip, and Oliver Schimek. Additionally, Mountain Protocol has raised $8 million in a Series A round led by Multicoin Capital, with participation from Castle Island Ventures, CB Ventures, Bankless VC, Dept of XYZ, and Aptos. Mountain Protocol issues USDM, the worldβs first permissionless, prudentially regulated, yield-bearing stablecoin fully backed by US Treasuries.
π₯ As one of the first major partners of @MountainUSDM, we are proud to congratulate them on their next chapter! wUSDM powers the yield-bearing stablecoin assets on #MantaPacific via US Treasury Bills. We look forward to more collaboration to grow the RWA ecosystem on Manta. https://t.co/STJwkJSby1
As one of the first major partners of @MountainUSDM, we are proud to congratulate them on their next chapter! wUSDM powers the yield-bearing stablecoin assets on #MantaPacific via US Treasury Bills. We look forward to more collaboration to grow the RWA ecosystem on Manta. https://t.co/STJwkJSby1
Congratulations to our partner @MountainUSDM! wUSDM powers the yield-bearing stablecoin assets on #MantaPacific through earnings via US Treasury Bills. We look forward to continued collaboration and growing the RWA ecosystem on Manta. More exciting news to come. https://t.co/STJwkJSby1
Weβre incredibly thrilled to announce our Series A funding co-led by @NEA and @nvidia NVentures, with participation from previous investors including @IndexVentures, @radicalvcfund, and @WndrCoLLC. πͺ© https://t.co/8sfUlcBywO
The M^0 project successfully raised $35M, setting the stage to drive the next generation of products built on our decentralized infrastructure layer for the issuance of cryptodollar assets. π To learn more, read this article by @apaulapr featured in @Cointelegraph:β¦
1/ π We are proud to be apart of the $8M Series A funding for @MountainUSDM through our @wormhole Cross-Chain Ecosystem Fund. The round was led by @multicoincap, alongside @CastleIslandVC, @cbventures, @BanklessVC, @deptofxyz, @Aptos, and more. We're thrilled to support theβ¦ https://t.co/wNgD0kSc8B
Today, I am proud to announce our investment in Mountain Protocol @MountainUSDM , the issuer of USDM, the worldβs first permissionless, prudentially regulated, yield-bearing stablecoin fully backed by US treasuries. We led the Series A round, which also included Castle Islandβ¦
1/ Today we are thrilled to announce our $8M Series A, led by @multicoincap, with participation from @CastleIslandVC, @cbventures, @BanklessVC, @deptofxyz, @borderless_cap, @Aptos and others https://t.co/IxgeH6JqNV
π’ @M0foundation a decentralized stablecoin minting protocol, raises $35M in Series A funding led by;@BainCapCrypto! Participationfrom @galaxyhq, @wintermute_t, @GSR_io, @caladanxyz and @SCB10X_OFFICIAL #Crypto #Cryptonews #Web3 #CryptoInvestment https://t.co/tO5RIYaB5t
1/ Congrats @LucaProsperi, @g_dip, @Oliver_Schimek & the @m0foundation team on their USD$35m Series A round π°π π: https://t.co/pAFquOUWdN
1/ π°We @PanteraCapital are ecstatic to announce our continued investment in the $35M Series A of @m0foundation!
π Congratulations to @m0foundation, a Wintermute Ventures portfolio company, on their $35M raise and deployment on Ethereum Mainnet! Weβre excited to support the team as they work on bringing greater liquidity to the stablecoin market! https://t.co/UrwgU1jE5j
Congrats to @m0foundation on a USD 35M Series A, led by @BainCapCrypto with participation from Earlybird. M^0 democratizes access to money issuance infrastructure β focusing on open, decentralized & interoperable money technology. π@niamhrowe7 in @FortuneMagazine 𧡠#EBVCgang https://t.co/XQdI6sf4mM