USDX.money Raises $45M to Revolutionize Stablecoin Infrastructure

By Robin Wigglesworth

USDX.money, a rising player in the stablecoin infrastructure space, has successfully raised $45 million in its latest funding round, achieving a valuation of $275 million. This milestone reflects growing investor confidence in the project’s vision of reshaping the stablecoin ecosystem.

The Investors Behind the Success

The funding round was led by a strong cohort of investors, including NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with part of the financing provided in the form of warrants. Existing backers such as Dragonfly Capital and Jeneration Capital also reaffirmed their commitment to the project.

This new capital will help USDX.money accelerate its efforts to scale its ecosystem and promote broader adoption of its flagship stablecoin, USDX.

Building the Next-Generation Stablecoin Infrastructure

USDX.money is ambitiously targeting key challenges and opportunities in the stablecoin sector. With the fresh injection of capital, the project is focusing on five main pillars:

1. Bootstrapping USDX Liquidity

The team plans to bolster USDX liquidity across leading decentralized exchanges (DEXs), including PancakeSwap, Uniswap, Balancer, and Curve, ensuring smooth trading and accessibility.

2. DeFi Integrations

USDX.money is working to integrate USDX as collateral in top decentralized finance (DeFi) protocols, ranging from money markets to perpetual trading platforms. These integrations aim to establish USDX as a cornerstone of the DeFi ecosystem.

3. Innovative Payout

ModelsThe project is exploring non-correlated dollar payout mechanisms for USDX users, offering a novel way to protect against market volatility while providing stability.

4. Stablecoin-as-a-Service

Beyond USDX, the infrastructure is being designed to support other stablecoin issuers, empowering them to leverage USDX.money’s advanced technology stack.

5. Expanding Payment Rails

USDX.money aims to provide alternative payment solutions tailored to underserved populations, enabling financial inclusion through secure and efficient digital transactions.

A Vision for Decentralized Finance

USDX.money is not just another stablecoin issuer. It is a secure, decentralized, and bankless synthetic stablecoin platform focused on bridging decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi). By creating scalable, efficient, and reliable financial solutions, the project is laying the foundation for the next generation of stablecoins.

Who Powers USDX.money?

The driving force behind USDX.money is Stables Labs, a team committed to fostering innovation in the stablecoin space. Their expertise ensures USDX.money remains at the forefront of technological advancements and adoption strategies.

The Road Ahead

With $45 million in fresh funding and the backing of industry-leading investors, USDX.money is well-positioned to redefine the stablecoin landscape. As the project continues to expand its ecosystem and refine its infrastructure, the financial world will undoubtedly keep a close eye on its progress.

For more information about USDX.money, visit their website or follow their latest updates.