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Stablecoin Developer Standard Money Raises $8M to Support Mainnet Rollout
Yahoo Finance· 2025-11-03 22:00
Standard Money, developer of the BNB Chain-based stablecoin USDsd, has raised $8 million from an array of crypto investment heavyweights. The strategic investment round was led by Yzi Labs and included participation from Gate.io, Crypto.com, and Animoca Brands, according to an emailed announcement shared with CoinDesk on Monday. USDsd is a yield-seeking algorithmic stablecoin based on the Tether's USDT, the world's largest stablecoin by market capitalization. The funds raised will support Standard Money ...