Wu said that usdx.money announced it has raised $45 million in funding, with a valuation of $275 million. This round was participated in by NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with some investments made in the form of warrants. Existing investors include Dragonfly Capital and Jeneration Capital. usdx.money aims to build the next generation of stablecoin infrastructure, with its stablecoin product USDX supported by a multi-currency arbitrage strategy.