The usdx.money project, specializing in stablecoin infrastructure, has successfully completed a new funding round, attracting $45 million.
New funding stage
The usdx.money project announced it has raised $45 million in the latest funding round, increasing the company's valuation to $275 million. Investors include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with part of the investments made through warrants. The company's existing investors include Dragonfly Capital and Jeneration Capital.
Goals and objectives of usdx.money
usdx.money aims to build next-generation stablecoin infrastructure, with USDX as its first product. After a successful funding round, the project is accelerating efforts to expand the ecosystem and propagate USDX, focusing on:
- USDX liquidity: bootstrapping USDX liquidity in leading DEXs, including Pancakeswap, Uniswap, Balancer, and Curve - DeFi integration: using 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 services for underserved populations.
About the project and team
usdx.money is a secure, decentralized synthetic stablecoin issuer dedicated to building the next generation of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money provides efficient and stable financial solutions to meet the diverse needs of its users. usdx.money is powered by Stables Labs and is committed to driving rapid growth in the stablecoin space through innovative technologies and proven solutions.
usdx.money continues to expand its influence in the stablecoin space, confidently progressing towards its goals and attracting significant investor attention.
