Stablecoin Infrastructure Project usdx.money Announces $45 Million in Latest Funding Round
usdx.money, a pioneering stablecoin infrastructure initiative, has successfully secured $45 million in its most recent funding round. The latest funding round has catapulted the projects valuation to an impressive $275 million. This funding round sees participation from notable players such as NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with some investments structured as warrants. The projects current backers include Dragonfly Capital and Jeneration Capital.
usdx.money is set to revolutionize the stablecoin landscape, launching USDX as its flagship stablecoin offering. Following a successful funding round, usdx.money is ramping up its ecosystem initiatives to drive greater adoption of USDX, concentrating on:
- USDX liquidity: bootstrapping USDX liquidity in leading DEXs, including 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 infrastructure.
- Payment rails: providing alternative payment service for the underserved population.
Introducing usdx.money
usdx.money stands as a robust, decentralized, and bankless synthetic stablecoin issuer, committed to pioneering the future of stablecoin infrastructure. By bridging decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money delivers efficient and stable financial solutions tailored to the diverse needs of its users.
Text source: ZyCrypto
