usdx.money Secures $45m New Financing at $275m Valuation
Summary
, a stablecoin infrastructure project, announced it has raised $45 million in the latest round of financing. Investors for this round include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with a portion of the investments made in the form of warrants. Its pre-existing investors are Dragonfly Capital and Jeneration Capital.usdx.money aims to build the next-generation stablecoin infrastructure, with USDX as its first stablecoin product. After concluding a successful funding round, usdx.money is accelerating its ecosystem efforts for increased adoption of USDX, with a focus on: DeFi integration: integrating USDX as collateral in various DeFi money market and perpetual protocolsAbout usdx.money is a secure, decentralized, and bankless synthetic stablecoin issuer, dedicated to building the next generation of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money provides efficient and stable financial solutions to meet the diverse needs of its users.About the support team is powered by Stables Labs and is committed to driving rapid growth in the stablecoin space through innovative technologies and proven solutions.For more information, users can visit .A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e0ed9b5-b7e8-445b-b328-a30d03f51b5c
Funding
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