The stablecoin issuance protocol usdx.money has completed a $45 million financing round, with participation from BAI Capital and others

ChainCatcher news, the stablecoin issuance protocol usdx.money has completed a $45 million financing round, bringing the project's valuation to $275 million. Investors include NGC, BAI Capital, Generative Ventures, UOB Venture Management, among others, with some investors contributing through warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.

usdx.money aims to build the next generation of stablecoin infrastructure, with USDX as its first stablecoin product. After the financing is completed, usdx.money will further accelerate its ecological layout and promote the application of stablecoins USDX and sUSDX in various fields.