The stablecoin issuance protocol usdx.money completes $45 million financing, with participation from BAI Capital and others.

According to ChainCatcher, the stablecoin issuance protocol usdx.money has completed a $45 million financing. After this round of financing, the project's valuation has reached $275 million. Investors include NGC, BAI Capital, Generative Ventures, UOB Venture Management, among others, with some investors participating 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. After the financing is completed, usdx.money will further accelerate its ecological layout and promote the application of stablecoins USDX and sUSDX in multiple fields.