TechFlow News, stablecoin lending protocol Num Finance has raised $1.5 million in a seed funding round, with participation from stablecoin developer Reserve, H2O Scouter Fund, Ripio Venture, VC3 DAO, and Matias Woloski, Chief Technology Officer of Auth0.
Num Finance stated it will expand its stablecoin offerings within the next month to include the Brazilian real, Colombian peso, Mexican peso, and Bahraini dinar, and will also further develop its real-world asset (RWA) products.
Num Finance primarily provides collateralized lending services in local currency stablecoins for businesses and currently issues stablecoins pegged to the Argentine peso and Peruvian sol.
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