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Hong Kong, Hong Kong, December 2nd, 2024, Chainwire
usdx.cash, a stablecoin infrastructure venture, introduced it has raised $45 million within the newest spherical of financing.
The spherical places the venture’s valuation at $275 million. Traders for this spherical embrace NGC, BAI Capital, Generative Ventures, and UOB Enterprise Administration, with a portion of the investments made within the type of warrants. Its pre-existing traders are Dragonfly Capital and Jeneration Capital.
usdx.cash goals to construct the next-generation stablecoin infrastructure, with USDX as its first stablecoin product. After concluding a profitable funding spherical, usdx.cash is accelerating its ecosystem efforts for elevated adoption of USDX, with a deal with:
USDX liquidity: bootstrapping USDX liquidity in main DEXs, together with Pancakeswap, Uniswap, Balancer, and CurveDeFi integration: integrating USDX as collateral in numerous DeFi cash market and perpetual protocolsInnovative payout mannequin: offering non-correlated greenback payouts for USDX usersStablecoin infrastructure: enabling different stablecoin issuers to leverage usdx.cash infrastructurePayment rails: offering different fee service for the underserved inhabitants
About usdx.cash
usdx.cash is a safe, decentralized, and bankless artificial stablecoin issuer, devoted to constructing the subsequent technology of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and conventional finance (TradFi), usdx.cash offers environment friendly and steady monetary options to fulfill the varied wants of its customers.
About Stables Lab
usdx.cash is powered by Stables Labs and is dedicated to driving fast progress within the stablecoin area via modern applied sciences and confirmed options.
For extra info, customers can go to usdx.cash.
Contact
usdx.cash Advertising and marketing group, mkt@usdx.cash
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