Stablecoin issuance protocol usdx.money has completed a $45 million financing.

2024-11-29 12:21:46

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News from TechFlow on November 29th, stablecoin issuance protocol usdx.money completed a $45 million financing. After this round of financing, the project’s valuation has reached $275 million.

NGC, BAI Capital, Generative Ventures, UOB Venture Management and other investors participated, some of whom invested through warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.

It is reported that usdx.money aims to build the next generation Stable Coin infrastructure, with USDX as its first Stable Coin product. After the completion of the financing, usdx.money will further accelerate its ecological layout, promote the application of Stable Coin USDX and sUSDX in multiple fields.

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