usdx.money Secures $45m New Financing at $275m Valuation | BinanX News

[PRESS RELEASE – Hong Kong, Hong Kong, December 2nd, 2024]

usdx.moneya stablecoin infrastructure project, announced that it had raised $45 million in the latest funding round. The round places the project’s valuation at $275 million. Investors in this round include NGC, BAI Capital, Generative Ventures and UOB Venture Management, with a portion of the investments made in the form of warrants. Your pre-existing investors are Dragonfly Capital and Generation capital.

usdx.money aims to build the next generation stablecoin infrastructure, with USDX as its first stablecoin product. After concluding a successful funding round, usdx.money is accelerating its ecosystem efforts for greater USDX adoption, focusing on:

• USDX liquidity– Boost USDX liquidity on major DEXs including Pancakeswap, Uniswap, Balancer and Curve
• DeFi Integration– Integration of USDX as collateral into various DeFi perpetual and money market protocols
• Innovative payment model– Provides uncorrelated dollar payments for USDX users
• Stablecoin infrastructure– Allow other stablecoin issuers to leverage the usdx.money infrastructure
• Payout Rails: provide an alternative payment service for the underserved population

About usdx.money

usdx.money is a secure, decentralized, bankless synthetic stablecoin issuer dedicated to building the next generation of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money provides efficient and stable financial solutions to meet the diverse needs of its users.

About the support team

usdx.money is driven by stable laboratories and is committed to driving rapid growth in the stablecoin space through innovative technologies and proven solutions.

For more information, users can visit usdx.money.

Binance Free $600 (CryptoPotato Exclusive) – Use this link to register a new account and receive an exclusive welcome offer of $600 on Binance (full details).