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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 world’s first permissionless, prudentially regulated, yield-bearing stablecoin fully backed by US Treasuries.
🥂 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
