Bluejay Finance, a stablecoin issuer, is raising $5 million from the sale of its governance token $BLU. The funds will be used to mint Bluejay's first stablecoin, bluSGD, pegged to the Singapore dollar. In addition, the funds will be used for market making bluSGD on decentralized exchange Uniswap.
Stablecoins
Fund Raising
Wall Street back-office giant DTCC mulls stablecoin integration: report Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Circle secures in-principle approval to operate as money services provider in Abu Dhabi
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