Mo Secures $40 Million in Series B Funding Led by Polychain and Ribbit Capital
Stablecoin startup Mo has secured $40 million in Series B funding, led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst, Pantera, and Bain Capital Crypto. This brings Mo's total funding to nearly $100 million.
Key points include:
- Mo is developing a network for stablecoin issuers to facilitate token deployment without needing proprietary software for asset transfers.
- The CEO described the project as aiming to create "the layer zero of money."
- Stablecoins have seen significant growth in 2025, with market capitalization exceeding $289 billion, largely due to clearer regulations following the passing of the GENIUS act.
- Venture capital investments in stablecoin projects are increasing, highlighted by multiple funding rounds including Mo's.