Stablecoin

DeFi

Hong Kong, Hong Kong, December 2nd, 2024, Chainwire
<a href="https://usdx.money/" rel="noopener noreferrer nofollow" target="_blank">usdx.money</a>, 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:
<ul>
 <li>USDX liquidity: bootstrapping USDX liquidity in leading DEXs, including Pancakeswap, Uniswap, Balancer, and Curve</li>
 <li>DeFi integration: integrating USDX as collateral in various DeFi money market and perpetual protocols</li>
 <li>Innovative payout model: providing non-correlated dollar payouts for USDX users</li>
 <li>Stablecoin infrastructure: enabling other stablecoin issuers to leverage usdx.money infrastructure</li>
 <li>Payment rails: providing alternative payment service for the underserved population</li>
</ul>
About usdx.money
<a href="https://usdx.money/" rel="noopener noreferrer nofollow" target="_blank">usdx.money</a> 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
<a href="https://usdx.money/" rel="noopener noreferrer nofollow" target="_blank">usdx.money</a> 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 href="https://usdx.money/" rel="noopener noreferrer nofollow" target="_blank">usdx.money</a>.
<h5>Contact</h5>
Marketing team usdx.money mkt@usdx.money

usdx.money Secures $45m New Financing at $275m Valuation

TheNewsCrypto

Other articles published on Dec 2, 2024

MicroStrategy Expands Bitcoin Holdings with $1.5 Billion Acquisition

Standard Chartered’s Libeara to launch tokenized money market fund on Ethereum

Ripple Executive Reveals the Crypto That Could Lead the Next Millionaire Wave in 2024

Best Cryptos to Buy Now: Qubetics Prepares for Explosive Growth as Cronos and Hedera Continue to ...

Algorand Price Analysis: Can ALGO Price Hit $1 Amid Breakout Rally?

Crypto Total Market Cap Predicted to Surpass $8 Trillion: Key Drivers Revealed

Join our free newsletter for daily crypto updates!