Stablecoin developer Standard Money has completed a strategic round of financing of $8 million, led by Yzi Labs.

According to ChainCatcher news reported by CoinDesk, Standard Money, the developer of the stablecoin USDsd based on BNB Chain, announced the completion of a $8 million strategic round of financing, led by Yzi Labs, with participation from Gate, Crypto.com, and Animoca Brands. New funds will be used to support the mainnet launch of Standard Money and expand its liquidity partnerships and global business.

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