Yala, a Bitcoin-based stablecoin developer, has secured $8 million in a seed funding round co-led by Polychain Capital and Ethereal Ventures. The funding round, which originally aimed to raise $5 million, attracted participation from Galaxy Vision Hill, Anagram, ABCDE, Amber Group, HashKey Capital, Satoshi Labs, and UTXO Management. Yala intends to use the funds to develop its stablecoin, named YU.
Bitcoin-Based Stablecoin Firm Yala Raises $8 Million in Seed Funding
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