Bain Capital Crypto’s Post

📢 News from M^0! The M^0 project has announced its Ethereum Mainnet launch as well as the closing of a $35 million Series A round led by Bain Capital Crypto, with support from Galaxy, Wintermute, GSR, Caladan (prev AlphaLab Capital) and SCB 10X, alongside existing investors. The M^0 infrastructure is now ready to power the first open federation of cryptodollar issuers. It enables any institution to mint a single, fungible cryptodollar ($M) with standardized, high-quality collateral. While the #stablecoin sector has grown to over $160 billion in size, it still mostly comprises v1 solutions. M^0 sets new standards in terms of multi-issuance, distributed collateral storage, decentralized governance, and interoperability. Our vision is to build a robust, credibly-neutral, next generation backend for fintech frontends. We’re excited about the future and grateful for the continued support from existing investors: Pantera Capital, Road Capital Management, Airtree, Standard Crypto, Salt, ParaFi Capital, Hack VC, Distributed Capital Partners, Kraynos Capital and Earlybird Venture Capital. 👉 To learn more about this achievement, read the exclusive article by Niamh Rowe featured in Fortune: https://lnkd.in/et-Wbu95 Check out our website at https://www.m0.org/ #Fintech #Blockchain #DeFi #Crypto #Stablecoin #Innovation #FundingNews