On August 28, news reported by Fortune stated that the stablecoin infrastructure development company M0 announced the completion of a $40 million Series B funding round, led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst, Pantera, and Bain Capital Crypto. M0 is building a network layer that enables interoperability and liquidity connectivity between different stablecoin issuers. M0 co-founder and CEO Luca Prosperi stated that the company will focus on scaling the network over the next 2-5 years. Notably, the cryptocurrency wallet MetaMask recently announced a partnership with M0 to launch its stablecoin.

Odaily News Stablecoin startup M0 has completed a $40 million financing round, led by Polychain and Ribbit Capital. (Fortune)

Gate News bot message, the artificial intelligence laboratory Harmonic recently announced the completion of a $1 billion Series B financing. This round of financing was led by Kleiner Perkins, with participation from Paradigm, Ribbit Capital, Sequoia Capital, Index Ventures, and Charlie Cheever, resulting in a post-financing company valuation of $900 million. Harmonic mainly focuses on developing software verification and code verification functions based on mathematical superintelligence (MSI), with applications covering industries such as blockchain and financial services. It is worth mentioning that Harmonic raised $75 million in its Series A financing in September last year.