CandleFocus usdx.money Secures $45 Million Funding Round to Advance Stablecoin Adoption
2024-12-02
Author: Content Editor
usdx.money, a synthetic dollar stablecoin protocol, has raised $45 million in a funding round. The funds will be used to develop next-generation stablecoin infrastructure that connects decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi). Synthetic stablecoins aim to address the limitations of traditional stablecoins and redefine stability in the cryptocurrency landscape. The global stablecoin market cap reached $190 billion in November 2024, driven by increasing demand from institutions and regulatory clarity. Stablecoins are expanding their applications in cross-border payments and yield-generating activities, positioning themselves as a crucial component of the future of digital finance.
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