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 embody 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 give attention to:
- USDX liquidity: bootstrapping USDX liquidity in main DEXs, together with Pancakeswap, Uniswap, Balancer, and Curve
- DeFi integration: integrating USDX as collateral in varied DeFi cash market and perpetual protocols
- Modern payout mannequin: offering non-correlated greenback payouts for USDX customers
- Stablecoin infrastructure: enabling different stablecoin issuers to leverage usdx.cash infrastructure
- Fee 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 following era of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and conventional finance (TradFi), usdx.cash supplies environment friendly and secure monetary options to satisfy the various wants of its customers.
In regards to the assist group
usdx.cash is powered by Stables Labs and is dedicated to driving speedy development within the stablecoin area via modern applied sciences and confirmed options.
For extra data, customers can go to usdx.cash.
Contact
Advertising and marketing group
usdx.cash
[email protected]