Venture investors have injected nearly $100 million into stablecoin startups to support programmable money. M0, a Switzerland-based platform, raised $40 million in a Series B round, while Rain, a US startup, secured $58 million in funding. The stablecoin market capitalization hit a record $280 billion. Programmable money is gaining traction for its automated rules enforced through blockchains and smart contracts.

M0 and Rain are leading the way in offering programmable money services. M0 allows for the issuance of application-specific stablecoins with built-in rules, integrated by companies like Playtron. Rain focuses on enabling compliant payrolls across numerous jurisdictions. Governments, like Kazakhstan and India, are also experimenting with programmable money to improve payment flows and efficiency.

Private sector projects are also embracing programmable money innovations. Circle introduced programmable wallets on Solana for USDC-based transactions, while TradeOS launched a platform for automated and conditional payments in global trade scenarios. The use of programmable money is expanding across various sectors, driving interest and investment in this evolving financial technology.

Read more at Cointelegraph: Programmable Money Gains Traction with $100M in Startup Raises