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Sovra Completes $2 Million Pre-Seed Funding for Self-Custodied USD Accounts

On June 23, according to an official tweet from Sovra, the self-custodied USD account platform Sovra has completed $2 million in Pre-seed funding, led by Pharsalus Capital. Sovra is a self-custodied fintech platform primarily targeting the Middle East and North Africa, providing users with USDC-based global digital dollar accounts. The platform enables users to hold, send, use, and earn digital dollar yields while maintaining control over their funds, without relying on traditional banks or custodial institutions.

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