Stablecoin Issuance Protocol usdx.money Completes $45 Million Funding Round, Valuation Reaches $275 Million

BlockBeats News, November 29th, usdx.money, a leading global synthetic stablecoin issuance protocol, announced the successful completion of its latest funding round. Following this round of funding, the project's valuation has reached $275 million. The funding amount for this round is approximately $45 million, with major investors including NGC, BAI Capital, Generative Ventures, UOB Venture Management, among others. Some investors participated in the form of warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.

usdx.money aims to build the next generation of stablecoin infrastructure, with USDX being its first stablecoin product. After the funding round, usdx.money will further accelerate its ecosystem development, driving the application of the stablecoins USDX and sUSDX in various areas, including:

- Liquidity Enhancement: Injecting USDX, sUSDX, and other stablecoins' liquidity into protocols such as Pancakeswap, Curve, Balancer, and Uniswap;

- DeFi Integration: Advancing USDX and sUSDX as collateral for decentralized money market protocols, decentralized interest rate swap protocols, decentralized perpetual protocols, and other DeFi cornerstone protocols;

- Innovative Revenue Models: Providing unique non-correlated USD revenue to bring stable investment returns to investors;

- Ecosystem Support: Driving sUSDX to become the backend infrastructure for stablecoin issuers, enhancing industry security and liquidity;

- Payment Innovation: Offering convenient payment services to the unbanked population.

About usdx.money

usdx.money is a secure, decentralized, and bank-independent synthetic stablecoin issuance protocol dedicated to building the next generation stablecoin infrastructure. By bridging decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money provides efficient and stable financial solutions to meet the diverse needs of global users.

About the Supportive Team

usdx.money is supported by Stables Labs, committed to driving the rapid development of the stablecoin field through innovative technology and mature solutions.

For more information, please visit usdx.money for details.