Stablecoin issuance protocol Usdx.money completes $45 million financing, with participation from BAI Capital and others

CoinVoice has recently learned that the stablecoin issuance protocol usdx.money has completed a $45 million financing round, bringing the project's valuation to $275 million. Investors include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, among others, with some investors contributing 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 being its first stablecoin product. Following the completion of financing, usdx.money will further accelerate its ecological layout and promote the application of the stablecoins USDX and sUSDX in various fields. [Original link]