CoinVoice recently learned that according to The Block, stablecoin startup Usual Labs has completed a $7 million financing round, led by IOSG Ventures, with participation from Kraken Ventures, GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works and X Ventures.

It is reported that Usual Labs plans to use these funds to launch the stablecoin USD0 on the Ethereum mainnet in the second quarter of this year, and needs to provide funds for the testnet stage and smart contract audit. [Original link]