Stablecoin Developer Standard Money Raises $8M to Support Mainnet Rollout
PositiveCryptocurrency

Standard Money, a developer of stablecoins, has successfully raised $8 million in a strategic investment round led by Yzi Labs, with notable participation from Gate.io, Crypto.com, and Animoca Brands. This funding is crucial as it supports the rollout of their mainnet, which could enhance the stability and usability of digital currencies in the market. The backing from prominent investors highlights the growing confidence in Standard Money's vision and the potential impact of their technology on the cryptocurrency landscape.
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