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USDX.money Secures $45 Million to Advance Stablecoin Infrastructure

USDX.money raises $45 million to enhance its stablecoin infrastructure and drive adoption of USDX through strategic integrations and innovative solutions.
Published on 2024-12-02

USDX.money Secures Significant Funding

USDX.money, a stablecoin infrastructure project, has successfully raised $45 million in its latest financing round, boosting the project's valuation to $275 million. This funding round saw contributions from notable investors such as NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with some investments made via warrants. Existing investors include Dragonfly Capital and Jeneration Capital.

Advancing the Stablecoin Ecosystem

Following the successful funding round, USDX.money is intensifying its efforts to expand the adoption of its USDX stablecoin. Key strategies include:

  • USDX Liquidity: Enhancing liquidity in leading decentralized exchanges (DEXs) like Pancakeswap, Uniswap, Balancer, and Curve.
  • DeFi Integration: Positioning USDX as collateral within various DeFi money markets and perpetual protocols.
  • Innovative Payout Model: Offering non-correlated dollar payouts to USDX users.
  • Stablecoin Infrastructure: Assisting other stablecoin issuers in utilizing USDX.money's infrastructure.
  • Payment Rails: Developing alternative payment services for underserved communities.

About USDX.money

USDX.money is a secure, decentralized, and bankless synthetic stablecoin issuer dedicated to constructing next-generation stablecoin infrastructure. By bridging decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), the project aims to provide stable and efficient financial solutions tailored to diverse user needs.

Commitment to Growth

Supported by Stables Labs, USDX.money is committed to accelerating growth in the stablecoin sector through innovative technologies and reliable solutions. This funding round marks a significant step towards achieving their vision of a more interconnected financial ecosystem. For further information, visit the USDX.money website.

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