Summary
- Mo said it raised $40 million in Series B.
- It said Polychain, Ribbit Capital, Pantera Capital, Bain Capital Crypto participated in the investment.
- Mo said it is developing asset transfer and exchange infrastructure for stablecoin issuers.
According to Fortune on the 28th (local time), stablecoin infrastructure startup Mo raised $40 million in a Series B round.
This round was co-led by Polychain and Ribbit Capital, and existing investors Pantera Capital and Bain Capital Crypto also participated.
Mo is developing infrastructure that allows stablecoin issuers to easily distribute assets across chains or exchange tokens into other forms through the network without building separate software.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
