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Usual Labs, a stablecoin project, has successfully raised $7 million in a funding round led by Kraken Ventures and IOSG Ventures, as reported by Will Canny. The funds are aimed at preparing for the pre-launch of its new stablecoin, USD0, which is expected to debut in Q2 2024. Additionally, Usual Labs has also achieved a total value locked (TVL) of $80 million, indicating strong market confidence ahead of the USD0 stablecoin launch.
Cheers to @usualmoney for securing $7M in funding and $80M in TVL! — looking forward to the debut of the USD0 stablecoin in Q2 2024! 🚀 https://t.co/QTkhcibcPz
🚀 @neptune_finance has crossed $10M in TVL! Huge milestone for the ecosystem! https://t.co/9sS3pxL6P8
Usual Labs raises $7 million from investors, including @KrakenVentures and @IOSGVC, to prepare for the pre-launch of its stablecoin USD0. https://t.co/C9Uz4nOref
