usdx.money Raises $45M to Build Next-Gen Stablecoin Infrastructure
December 2, 2024 BACK TO NEWS
usdx.money secures $45M to enhance USDX liquidity, DeFi integration, and stablecoin infrastructure, revolutionizing decentralized financial solutions - IcoHolder.
In a significant boost for the stablecoin sector, usdx.money has raised $45 million in its latest funding round, bringing the project’s valuation to an impressive $275 million. The round saw investments from notable firms including NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with a portion of the investment structured through warrants. Established investors, such as Dragonfly Capital and Jeneration Capital, also supported the funding effort.
The primary goal of usdx.money is to revolutionize the stablecoin landscape by building next-generation infrastructure. The project’s flagship stablecoin, USDX, is designed to provide a decentralized, secure, and efficient financial solution. Following the successful funding round, usdx.money is poised to accelerate its ecosystem efforts, focusing on key initiatives to drive the adoption of USDX.
One of the critical objectives for the project is boosting USDX liquidity across leading decentralized exchanges (DEXs) like Pancakeswap, Uniswap, Balancer, and Curve. In addition, usdx.money plans to integrate USDX as collateral in various DeFi money market and perpetual protocols, expanding its presence in the decentralized finance ecosystem. The platform also introduces an innovative payout model that provides non-correlated dollar payouts for USDX users, enhancing its appeal in volatile markets.
Furthermore, usdx.money is working on enabling other stablecoin issuers to leverage its robust infrastructure, making it easier for other projects to enter the market. Another exciting aspect of the project is its commitment to providing alternative payment solutions for underserved populations, further democratizing access to stable, decentralized financial services.
Aiming to bridge the gap between decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money is positioned as a key player in the evolving stablecoin ecosystem. Its secure, decentralized, and bankless approach offers a reliable and innovative solution to meet the diverse needs of its users.
The project is backed by Stables Labs, which powers usdx.money’s commitment to rapid growth in the stablecoin space through cutting-edge technologies and practical, proven solutions.
As usdx.money pushes forward, it looks set to play a pivotal role in shaping the future of stablecoins and decentralized finance, offering new opportunities for liquidity, innovation, and accessibility across the financial world.