Hong Kong, Hong Kong, December 2nd, 2024, Chainwire
usdx.money, a stablecoin infrastructure undertaking, introduced it has raised $45 million within the newest spherical of financing. The spherical places the undertaking’s valuation at $275 million. Buyers for this spherical embrace NGC, BAI Capital, Generative Ventures, and UOB Enterprise Administration, with a portion of the investments made within the type of warrants. Its pre-existing traders are Dragonfly Capital and Jeneration Capital.
usdx.cash goals to construct the next-generation stablecoin infrastructure, with USDX as its first stablecoin product. After concluding a profitable funding spherical, usdx.cash is accelerating its ecosystem efforts for elevated adoption of USDX, with a concentrate on:
- USDX liquidity: bootstrapping USDX liquidity in main DEXs, together with Pancakeswap, Uniswap, Balancer, and Curve
- DeFi integration: integrating USDX as collateral in numerous DeFi cash market and perpetual protocols
- Progressive payout mannequin: offering non-correlated greenback payouts for USDX customers
- Stablecoin infrastructure: enabling different stablecoin issuers to leverage usdx.cash infrastructure
- Cost rails: offering various fee service for the underserved inhabitants
About usdx.cash
usdx.money is a safe, decentralized, and bankless artificial stablecoin issuer, devoted to constructing the subsequent technology of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and conventional finance (TradFi), usdx.cash offers environment friendly and steady monetary options to satisfy the various wants of its customers.
Concerning the assist group
usdx.money is powered by Stables Labs and is dedicated to driving speedy progress within the stablecoin house by means of progressive applied sciences and confirmed options.
For extra data, customers can go to usdx.money.
Contact
Advertising group
usdx.cash
mkt@usdx.cash
