Usdx.money Secures $45 Million New Financing at $275 Million Valuation
Usdx.money, a stablecoin infrastructure project, announced it has raised $45 million in the latest round of financing.
The round puts the project’s valuation at $275 million.
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 the following.
- USDX liquidity ootstrapping USDX liquidity in leading DEXs, including Pancakeswap, Uniswap, Balancer and Curve
- DeFi integration ntegrating USDX as collateral in various DeFi money markets and perpetual protocols
- Innovative payout model Providing non-correlated dollar payouts for USDX users
- Stablecoin infrastructure nabling other stablecoin issuers to leverage usdx.money infrastructure
- Payment rails roviding alternative payment service for the underserved population
About usdx.money
Usdx.money is a secure, decentralized and bankless synthetic stablecoin issuer, dedicated to building the next generation of stablecoin infrastructure.
By connecting DeFi (decentralized finance), CeFi (centralized finance) and TradFi (traditional finance), usdx.money provides efficient and stable financial solutions to meet the diverse needs of its users.
About the support team
Usdx.money 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 the website.
Contact
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on Twitter Facebook Telegram
The post Usdx.money Secures $45 Million New Financing at $275 Million Valuation appeared first on The Daily Hodl.
Go to Source
Author: Chainwire
