Hong Kong, Hong Kong, December 2, 2024, Chainwire
usdx.cash, a stablecoin infrastructure undertaking, introduced that it has raised $45 million within the newest funding spherical. The spherical places the worth of the undertaking at $275 million. Buyers for this spherical embody NGC, BAI Capital, Generative Ventures and UOB Enterprise Administration, with a part of the investments made within the type of warrants. Its pre-existing buyers are Capital of dragonflies And Jeneration Capital.
usdx.cash goals to construct the following era stablecoin infrastructure, with USDX as its first stablecoin product. After efficiently finishing a funding spherical, usdx.cash is accelerating its ecosystem efforts for elevated adoption of USDX, with a give attention to:
- USDX liquidity: Begin of USDX liquidity in main DEXs together with Pancakeswap, Balancer and Curve
- DeFi Integration: combine USDX as collateral in varied DeFi and perpetual cash market protocols
- Progressive cost mannequin: offering uncorrelated greenback funds to USDX customers
- Stablecoin infrastructure: enable different stablecoin issuers to leverage the usdx.cash infrastructure
- Fee rails: present an alternate cost service to the underserved inhabitants
About usdx.cash
usdx.cash is a safe, decentralized, bankless artificial stablecoin issuer devoted to constructing the following era of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and conventional finance (TradFi), usdx.cash offers environment friendly and secure monetary options to fulfill the various wants of its customers.
Concerning the assist workforce
usdx.cash is powered by Steady laboratories and is dedicated to driving speedy development within the stablecoin house by modern applied sciences and confirmed options.
For extra info, customers can go to usdx.cash.
ContactAdvertising workforceusdx.cashmkt@usdx.cash
This text was initially revealed on Chainwire
