TechFlow news, on November 29, stablecoin issuance protocol usdx.money announced the completion of its latest funding round, raising approximately $45 million. Key investors include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with some participants investing via warrants. Existing backers of the project include Dragonfly Capital and Jeneration Capital. The post-money valuation of the project stands at $275 million.
usdx.money aims to build next-generation stablecoin infrastructure, with USDX being its first stablecoin product. Following the funding, usdx.money will accelerate its ecosystem development, driving adoption of the USDX and sUSDX tokens across multiple domains, including liquidity enhancement, DeFi integration, innovative yield models, ecosystem incentives, and payment innovations.
