Zerohash, a cryptocurrency infrastructure provider, has announced a $100 million funding round led by Interactive Brokers. This event indicates growing institutional interest in crypto infrastructure.
Zerohash Funding Led by Interactive Brokers
Zerohash is set to raise about $100 million, pushing its valuation close to $1 billion. The funding round is led by Interactive Brokers, highlighting growing interest in digital asset support services. In 2022, Zerohash raised $105 million in a Series D round.
Market and Stability of USDC
The investment in Zerohash underscores confidence in digital assets. According to CoinMarketCap, USDC, powered by Zerohash's infrastructure, remains stable at $1.00, with a 24-hour trading volume of approximately $16.62 billion, showing a slight decline of 5.23% from previous activity.
Prospects and Impact on Financial Technologies
Zerohash's expansion into stablecoin infrastructure could drive liquidity across fintech platforms and legacy financial services. This funding may boost regulatory partnerships and technological advancements in digital asset trading.
The significant funding received by Zerohash opens new opportunities for expanding stablecoin infrastructure and strengthens the company's position in the cryptocurrency market. This also highlights the attention major financial players are giving to innovations in digital assets.
