usdx. money Secures $45m New Financing at $275m Valuation

usdx. money, a stablecoin infrastructure initiative, announced it has secured $45 million in its most recent financing round. This round values the initiative at $275 million. Participants in this round include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with a fraction of the investments occurring in the form of warrants. Its existing investors are Dragonfly Capital and Jeneration Capital.

usdx. money intends to construct next-generation stablecoin infrastructure, with USDX as its inaugural stablecoin offering. Following the completion of a successful funding round, usdx. money is intensifying its ecosystem initiatives to promote greater adoption of USDX, concentrating on:

USDX liquidity: establishing USDX liquidity in prominent DEXs, such as Pancakeswap, Uniswap, Balancer, and Curve
DeFi integration: incorporating USDX as collateral in various DeFi money market and perpetual protocols
Innovative payout model: delivering non-correlated dollar payouts for USDX users
Stablecoin infrastructure: enabling other stablecoin issuers to utilize the usdx. money infrastructure
Payment rails: offering alternative payment services for the underserved demographic