usdx money, a stablecoin infrastructure project, has just secured $45 million in new financing, which puts the project's valuation at a whopping $275 million . This significant investment comes from notable investors, including NGC, BAI Capital, Generative Ventures, and UOB Venture Management.
The funding will be used to accelerate usdx money's ecosystem efforts, focusing on increasing the adoption of its stablecoin, USDX. Some of the key areas they'll be working on include:
- *USDX Liquidity*: Bootstrapping USDX liquidity in leading decentralized exchanges (DEXs) like Pancakeswap, Uniswap, Balancer, and Curve.
- *DeFi Integration*: Integrating USDX as collateral in various DeFi money market and perpetual protocols.
- *Innovative Payout Model*: Providing non-correlated dollar payouts for USDX users.
- *Stablecoin Infrastructure*: Enabling other stablecoin issuers to leverage usdx.money's infrastructure.
- *Payment Rails*: Providing alternative payment services for the underserved population.
usdx money aims to build the next-generation stablecoin infrastructure, connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi) to provide efficient and stable financial solutions .