Aptos Ecosystem Stablecoin Protocol Thala Labs Closes $600 Million Seed Round Led by ParaFi Capital and Others

Aptos ecosystem stablecoin protocol Thala Labs closed a $600 Million seed round led by ParaFi Capital, Shima Capital and White Star Capital, with participation from Beco Capital, LedgerPrime, Infinity Ventures Crypto, and others. The funds raised will be used to scale the team and accelerate the security audit process.

It is reported that Thala Labs is currently building on Move Dollar (MOD), the Aptos ecosystem over-collateralized stablecoin, and is developing other products to ensure MOD's ubiquity on the Aptos blockchain. These include an AMM, with preferential fees and features to pools that integrate MOD, and a launchpad that will incentivize all Aptos projects to diversify their treasury assets into MOD.