According to Odaily, Stable Jack, a stablecoin project on the Avalanche blockchain, has successfully raised $1 million in an angel investment round. The investors and valuation details have not been disclosed yet.
Stable Jack is primarily known for offering yield-bearing stablecoins, volatile AVAX tokens, and stable exchange products. The project's main aim is to provide a stable and secure platform for transactions, leveraging the Avalanche blockchain's capabilities.
The successful completion of this angel investment round marks a significant milestone for Stable Jack, demonstrating investor confidence in the project's potential. However, further details about the investment, including the identities of the investors and the project's current valuation, remain undisclosed.