Hong Kong, Hong Kong, December 2nd, 2024,
Chainwire
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:
- USDX liquidity: bootstrapping
USDX liquidity in leading DEXs, including Pancakeswap, Uniswap,
Balancer, and Curve
- DeFi integration: integrating USDX as
collateral in various DeFi money market and perpetual
protocols
- Innovative payout model: providing
non-correlated dollar payouts for USDX users
- Stablecoin infrastructure: enabling other
stablecoin issuers to leverage usdx.money infrastructure
- Payment rails: providing 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
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
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 usdx.money.
Contact
Marketing
team
usdx.money
mkt@usdx.money