On November 29, news broke that the stablecoin issuance protocol usdx.money has completed a $45 million funding round, bringing the project's valuation to $275 million. Investors in this round include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, some of whom contributed through 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 as its first stablecoin product. Following the completion of the funding, usdx.money will further accelerate its ecological layout, promoting the applications of stablecoins USDX and sUSDX in various fields.