Venture investors poured nearly $ 100 million in Stablecoin startups, supporting new infrastructure for programming money.
M0, a Switzerland-based platform that allows developers to issue custom stablecoins, announced A $ 40 million series B increases on Thursday led by the Polychain Capital and Ribbit Capital. Established in 2023, the company cooperated with projects including Metamask and Playtron to include its infrastructure in consumer -facing apps.
Another increase in stablecoin infrastructure is derived from the rain, a US start that generates tools for banks to issue regulated stablecoins. The company secure $ 58 million in a series B funding Bed by Sapphire ventures, with backing from Dragonfly, Galaxy Ventures and Samsung Next, which brings total funds to $ 88.5 million.
The announcements arrived as the Stablecoin market capitalization reached a record of $ 280 billion on Thursday, according to data from Delete.
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Different Paths to Program Money
Fund funding emphasizes the updated interests of investors in “Programmable Money” (PM), a digital currency with built-in policies that dictate how it is available. Unlike traditional subsidies or vouchers, these conditions are automatically implemented by blockchains and intelligent contracts of the providers. A common similarity is stamping foods limited to markets.
While all stablecoins are technically programmed because they run on blockchains, most of which work as simple payment tokens. What sets M0 and Rain services is that programmability is built directly in their design.
The M0 provides metals for the release of specific applications that stablecoins with embedded policies for liquidity, access and use. One of its clients, Playtron, directly incorporated a “M0 game dollar into the gaming system.
The rain focuses on the flow of funds, which enabling real-time, following payrolls to more than 100 constituents by working with Toku. It also expands to Solana, Tron and Stellar to support programmable cards and spending programs on many chains.
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Governments and Startups test PM
Programmable Money is emerging for several hours, and the M0 and the rain are not united in the pursuit.
In July 2024, Kazakhstan launched a pilot program using the digital Tenge CBDC at Fund a link to the railroad in China. The “marked,” or may be programmed token is to be programmed to overthrow the payment only when designated milestones are addressed, with the aim of ensuring greater transparency and responsibility for delivering state infrastructure.
In October 2024, the Kazakhstan national bank Another Programmability pilot shows that VAT refunds can be processed better -reducing the wait time from 70-75 days to 10-15 days by automating checks of fitness.
In May, the India’s digital rupee financial authority The pilot has expanded to include features such as programmability and offline capabilities, which aims to improve access and repair of payment flows.
https://www.youtube.com/watch?v=ry9MI57PBJS
The use of Government money -program is not lost without criticism. Financial analyst Susie Violet Ward, co-founder and CEO of Think Tank Bitcoin Policy UK, were warned by the cointelegraph chain reaction daily X on August 21 that CBCDs could reach “money weapons in its pure form.”
But the experiment is not limited to governments. Private sector projects also drive programmability to digital currency for a variety of use cases.
In June 2024, Circle has introduced programmable wallets and gas-station functionality in Solana, which enables USDC-based transactions to autonomously trigger intelligent contracts or automatically manage transaction fees.
Recently, in July 2025, blockchain infrastructure startup that Tradeos has been dedicating a ProgramMable Settlement Layer for Global Commerce. The platform ties stablecoin payout on real-world outcomes, proven by cryptographic proofs, which enables automatic and conditional payments to trade scenarios.
Magazine: ProgramMable Money: How Crypto Tokens can change our full amount of transfer of value
