DeFi project AlloyX has raised $10 million in a pre-A round to expand its global stablecoin infrastructure, the company announced Wednesday. The funding round was led by Arbitrum Foundation, Solomomon Fund, and Offchain Labs. The funds will be used to bolster AlloyX's cross-chain stablecoin infrastructure and drive business growth in key regions. The company aims to enhance its technology, forge strategic partnerships, and hire top talent. AlloyX's stablecoin bridge network facilitates the seamless transfer of stablecoins across multiple blockchains. Its infrastructure supports a wide range of stablecoins, enabling users to optimize their cross-chain transactions. With this funding, AlloyX plans to expand its operations in the Asia-Pacific region and explore opportunities in the Middle East and North Africa. The company is committed to fostering wider adoption of stablecoins as a reliable medium of exchange and value transfer.