Bain Capital Crypto led a $35m Series A round in M^0 Project.

Bain Capital Crypto, an investment platform, led a $35m Series A round in M^0 Project, a decentralized money middleware platform, with participation from Galaxy Ventures, Wintermute Ventures, GSR, Caladan and SCB 10X. "Stablecoins are the largest and fastest growing asset for settlement on public blockchains today. We expect this market to continue to grow quickly to trillions of dollars over the next decade. M^0 is taking a unique approach, with lessons from MakerDAO to form a new decentralized stablecoin collateralized exclusively by short-term treasuries. We are impressed with the M^0 team's mix of stablecoin, DeFi and traditional finance expertise, and we’re excited to support them in this next phase of growth," Stefan Cohen, Bain Capital Crypto Partner.