usdx.money Secures $45 Million in Series A Funding to Revolutionize Stablecoin Infrastructure
Hong Kong, December 2, 2024 – usdx.money, a pioneering stablecoin infrastructure project, today announced the successful completion of a $45 million Series A funding round. This significant investment catapults the company’s valuation to an impressive $275 million, underscoring the market’s confidence in its innovative approach to stablecoin technology.
The funding round attracted a diverse group of prominent investors, including NGC, BAI Capital, Generative Ventures, and UOB Venture Management. A notable aspect of this round involved a portion of the investments being made in the form of warrants, demonstrating long-term confidence in usdx.money’s future. Existing investors Dragonfly Capital and Jeneration Capital also participated, further solidifying their commitment to the project.
With USDX as its flagship product, usdx.money is committed to building the next-generation stablecoin infrastructure. This latest funding will be instrumental in accelerating its ambitious roadmap, focusing on several key initiatives designed to drive widespread adoption of USDX:
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Enhanced USDX Liquidity:
usdx.money plans to significantly boost USDX liquidity across leading decentralized exchanges (DEXs), including Pancakeswap, Uniswap, Balancer, and Curve. This crucial initiative will ensure seamless and efficient trading for USDX users.*
Deep DeFi Integration:
The company will actively integrate USDX as collateral in various DeFi protocols, specifically within money markets and perpetual protocols. This will unlock a wider range of opportunities for users within the burgeoning DeFi ecosystem.*
Innovative Payout Model:
usdx.money is introducing a novel payout model that offers non-correlated dollar payouts to USDX users. This innovative approach aims to provide users with greater stability and security.*
Robust Stablecoin Infrastructure:
Beyond USDX, usdx.money is building a scalable and robust infrastructure that other stablecoin issuers can leverage. This will contribute to a more diverse and resilient stablecoin landscape.*
Expanding Payment Rails:
Recognizing the needs of underserved populations, usdx.money is actively developing alternative payment services to broaden financial access and inclusion globally.About usdx.money
usdx.money is a secure, decentralized, and bankless synthetic stablecoin issuer. Its mission is to redefine stablecoin infrastructure by seamlessly connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi). The platform aims to provide efficient and stable financial solutions to a diverse user base, catering to both individual and institutional needs.
About the Team
usdx.money is powered by Stables Labs, a team dedicated to driving innovation and rapid growth within the stablecoin space. Their commitment to leveraging cutting-edge technologies and proven solutions positions them as a key player in the future of finance.
For further information, please visit usdx.money or contact the marketing team at mkt@usdx.money.
