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
Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Total stablecoin market cap tops $200 billion as onchain lending yields surge
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