Hong Kong, Hong Kong, December 2, 2024, Chainwire
Stablecoin infrastructure project usdx.money announced that it has raised $45 million in its latest funding round. This round valued the project at $275 million. Investors in this round are: NGC, BAI Capital, Generative Ventures and UOB Venture Management; Part of the investment is in the form of warrants. Existing investors include: Dragonfly Capital and Generation Capital.
usdx.money aims to build next-generation stablecoin infrastructure with USDX as its first stablecoin product. Following a successful funding round, usdx.money is accelerating its ecosystem efforts to increase USDX adoption with a focus on:
- USDX liquidity: Bootstrapping USDX liquidity on major DEXs including Pancakeswap, Uniswap, Balancer, and Curve
- DeFi integration: Integrating USDX as collateral into various DeFi money markets and perpetual protocols
- Innovative payment model: Provide uncorrelated dollar payments to USDX users
- Stablecoin Infrastructure: Support other stablecoin issuers to utilize the usdx.money infrastructure
- payment rail: Providing alternative payment services for the underprivileged
Introduction to usdx.money
usdx.money is a secure, decentralized, bankless synthetic stablecoin issuer dedicated to building the next generation of stablecoin infrastructure. usdx.money connects decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi) to provide efficient and stable financial solutions that can meet the diverse needs of users.
About our support team
usdx.money is powered by stable lab We are committed to fostering the rapid growth of the stablecoin sector through innovative technologies and proven solutions.
For more information, see usdx.money.
contact
Marketing Team
usdx.money
mkt@usdx.money