USDX.Money Secures $45M New Financing at $275M Valuation

Funding Milestone for USDX.Money

Hong Kong, December 2, 2024, Chainwire - USDX.Money, a prominent stablecoin infrastructure initiative, has announced the successful raise of $45 million in its latest funding round. This capital infusion elevates the firm's valuation to $275 million. The financing round saw participation from notable investors including NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with some contributions structured as warrants. Existing stakeholders, such as Dragonfly Capital and Jeneration Capital, continue to support this strategic endeavor.

Accelerating Infrastructure Development

With the recent investment, USDX.Money is poised to accelerate its ecosystem development aimed at driving adoption of its flagship product, USDX. Key initiatives include:

• Liquidity Initiatives: Bootstrapping USDX liquidity within leading decentralized exchanges (DEXs) like Pancakeswap, Uniswap, Balancer, and Curve.
• DeFi Integration: Incorporating USDX as collateral across various DeFi money market and perpetual protocols.
• Innovative Payout Model: Delivering non-correlated dollar payouts for USDX users.
• Stablecoin Infrastructure: Enabling other stablecoin advocates to utilize the USDX.Money framework.
• Payment Solutions: Providing alternative payment services, aiming to reach underserved demographics.

About USDX.Money

USDX.Money is a secure and decentralized issuer of synthetic stablecoins, committed to establishing cutting-edge stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), the firm facilitates effective and consistent financial solutions tailored to its users' diverse needs.

Support Team Overview

Backed by Stables Labs, USDX.Money is focused on driving accelerated growth in the stablecoin sector by leveraging innovative technologies and successful methodologies.