PANews, October 29 news, according to official sources, the stablecoin project CAP Labs announced the completion of a $1.9 million Pre-Seed round of financing, with participation from Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, SCB Limited, among others. Several individual investors also took part.
According to reports, CAP Labs is building a scalable crypto-native stablecoin; these stablecoins will connect users to the full range of crypto-native yields: MEV, arbitrage, and other types of yields; its mainnet is scheduled to launch in the first quarter of 2025.