Standard Money completes $8 million financing, led by Yzi Labs
2025-11-03 14:09:51
Standard Money, the developer of BNBChain-based algorithmic stablecoin USDsd, has announced the completion of a $8 million funding round led by YziLabs, with participation from Gate.io, Cryptocom and Animoca Brands. USDsd is a yield-seeking algorithmic stablecoin designed with reference to the USDT of Tether, the world's largest stablecoin by market capitalization. The funds will be used to support StandardMoney's mainnet deployment and expand its liquidity partners and global operations. Algorithmic stablecoins are a class of tokens that manage the circulating supply by maintaining a peg to a target asset through smart contracts and economic incentives.
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