usdx.money Secures $45 Million in Funding, Reaching $275 Million Valuation to Revolutionize Stablecoin Infrastructure

Hong Kong, December 3, 2024 — usdx.money, an innovative stablecoin infrastructure project, has successfully raised $45 million in its latest funding round, bringing its total valuation to an impressive $275 million. The round saw participation from leading investors, including NGC, BAI Capital, Generative Ventures, and UOB Venture Management. A portion of the investments was made in the form of warrants, and the project continues to be supported by its earlier investors, Dragonfly Capital and Jeneration Capital.

This funding marks a significant milestone for usdx.money as it accelerates its mission to reshape the stablecoin landscape. With its flagship product, USDX, the project aims to create a next-generation stablecoin infrastructure that combines decentralized and traditional financial solutions.

Expanding the USDX Ecosystem

With the new financing secured, usdx.money is intensifying its efforts to drive the widespread adoption of USDX. Key initiatives include:

• USDX Liquidity: usdx.money is focused on increasing liquidity for USDX across leading decentralized exchanges (DEXs) such as Pancakeswap, Uniswap, Balancer, and Curve. This will help enhance the accessibility and usability of USDX for the broader crypto community.

• DeFi Integration: A critical component of the plan is integrating USDX as collateral in various decentralized finance (DeFi) protocols, including money markets and perpetual trading platforms. This will provide users with more opportunities to leverage USDX within the DeFi ecosystem.

• Innovative Payout Model: usdx.money is also introducing a novel payout model, offering non-correlated dollar payouts to USDX users. This innovative approach aims to offer stable, secure, and predictable returns for holders of USDX.

• Stablecoin Infrastructure: Beyond USDX, usdx.money is building a robust infrastructure that will allow other stablecoin issuers to leverage its platform. This provides an opportunity for the broader stablecoin ecosystem to tap into the security and scalability of usdx.money’s architecture.

• Alternative Payment Rails: usdx.money is committed to expanding access to financial services, particularly for underserved populations. The project plans to create alternative payment rails, making it easier for individuals without access to traditional banking systems to participate in the global economy.

A Vision for the Future of Stablecoins

At its core, usdx.money is focused on bridging the gap between decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi). The platform’s goal is to offer a seamless, bankless financial solution that provides users with stability, transparency, and efficiency in the ever-evolving digital economy.

Powered by Stables Labs, usdx.money is well-positioned to drive rapid growth in the stablecoin sector. By combining cutting-edge technology with proven financial solutions, usdx.money is set to revolutionize the way stablecoins are integrated into the global financial system.

About usdx.money

usdx.money is a decentralized, secure, and bankless synthetic stablecoin issuer. The project is focused on developing next-generation stablecoin infrastructure, leveraging the power of decentralized finance to provide efficient and stable financial solutions. By connecting DeFi, CeFi, and TradFi, usdx.money aims to meet the diverse needs of users across the global financial landscape.

About the Support Team

The usdx.money project is powered by Stables Labs, a team committed to driving growth and innovation within the stablecoin space. With a strong foundation in blockchain technology and decentralized finance, Stables Labs is dedicated to advancing the adoption of stablecoins as a reliable and trusted asset class.

For more information about usdx.money, visit usdx.money.