Stablecoin startup Mo has raised $40 million in Collection B funding as enterprise capital companies proceed to pile cash into the sector, Fortune reported on Thursday.
The funding spherical was led by Polychain and Ribbit Capital and included contributions from the Endeavor Catalyst fund and current buyers Pantera and Bain Capital Crypto.
Mo, which has now raised virtually $100 million in capital do far, declined to reveal its valuation within the funding spherical, in keeping with the report.
The startup is constructing a community for stablecoin issuers to deploy tokens with out having to construct their very own software program for transferring belongings throughout chains or altering one token for one more.
Luca Prosperi, co-founder and CEO, sums up the challenge’s purpose as constructing “the layer zero of cash.”
Stablecoins – token pegged to the worth of a conventional monetary asset equivalent to a fiat forex – have proliferated in 2025, pushed by the promise of clear regulation within the U.S., which got here to fruition with the passing of the GENIUS act final month.
The market capitalization of stablecoins exceeded $289 billion as this month, greater than doubling in dimension in 2025.
This pattern has been accompanied by enterprise capital companies piling cash into stablecoin initiatives by a string of funding rounds, of which Mo’s is likely one of the largest.
Mo didn’t reply to CoinDesk’s request for additional remark.
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