ChainCatcher news, the stablecoin issuance protocol usdx.money has completed a $45 million financing round, bringing the project's valuation to $275 million. Investors include NGC, BAI Capital, Generative Ventures, UOB Venture Management, among others, 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. After the financing is completed, usdx.money will further accelerate its ecological layout and promote the application of stablecoins USDX and sUSDX in various fields.

ChainCatcher news, Latin America's leading cryptocurrency company Galactic Holdings announced the successful completion of a $10 million Pre-A round of financing. This round was led by BAI Capital, with participation from Animoca Brands, Y2Z Ventures, Longling Capital, Head & Shoulders, TKX Digital Group, Perseverance Capital, and Palm Drive Capital. This financing will further advance Galactic Holdings' development in the Latin American region.Galactic Holdings is currently the only compliant large-scale integrated platform in Latin America that simultaneously owns the digital currency wallet TruBit, the exchange TruBit Pro, and the Mexican peso-pegged stablecoin MMXN.Maggie Wu, CEO and co-founder of Galactic Holdings, stated that Galactic will be committed to the comprehensive development of cryptocurrency business in the Latin American region.