Hubble Protocol Closes $5 Million Strategic Round Led by Multicoin Capital

Solana-based stablecoin lending platform Hubble Protocol closed a $5 million strategic funding round led by Multicoin Capital, with participation from DeFiance Capital, Crypto.com Capital, ParaFi, Jump Capital, and Mechanism Capital. The funds raised will be usedto advance its roadmap. This includes improvements to the current platform and advancing the use of its stablecoin, $USDH, through the launch of new DeFi services and products.