On November 29th, stablecoin issuance protocol usdx.money completed a $45 million financing round, bringing the project's valuation to $275 million. NGC, BAI Capital, Generative Ventures, UOB Venture Management, and others participated in the funding, with some investors contributing through warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.

usdx.money aims to build the next generation of stablecoin infrastructure, with USDX as its first stablecoin product. Following the completion of this financing round, usdx.money will further accelerate its ecological layout and promote the application of stablecoins USDX and sUSDX in multiple fields.