According to Deep Tide TechFlow, on November 29, the stablecoin issuance protocol usdx.money completed a financing of 45 million USD. After this round of financing, the project's valuation has reached 275 million USD.
NGC, BAI Capital, Generative Ventures, UOB Venture Management, and others participated, with some investors injecting capital in the form of warrants. The project's existing supporters include Dragonfly Capital and Jeneration Capital.
It is reported that usdx.money aims to build the next generation of stablecoin infrastructure, with USDX as its first stablecoin product. After the financing is completed, usdx.money will further accelerate its ecological layout, promoting the application of stablecoins USDX and sUSDX in multiple fields.