UXD Protocol Closes $3 million Seed Round Financing Led by Multicoin Capital

TokenInsight news, UXD protocol announced the completion of a seed round of 3 million US dollars, Multicoin Capital led the investment, Alameda Research, Defiance Capital, CMS Holdings, Solana Foundation, Mercurial Finance participated in the investment, individual investors include Solana founder Anatoly Yakovenko and co-founder Raj Gokal, Saber founder Dylan Macalinao, etc. UXD Protocol is an algorithmic stablecoin protocol on the Solana chain. According to the official disclosure, the funds will be used to launch the testnet and mainnet, and actively recruit more developers. The testnet is planned to be launched in September, and the mainnet is planned to be launched in October.