December 23, 2024
Usual has secured $10 million in Series A funding, with Binance Labs and Kraken Ventures leading the investment. This round marks a key milestone for the company, as it continues to position itself within the growing stablecoin sector. The capital will be used to support the platform's expansion and the enhancement of its stablecoin services.
The company is focused on stablecoin solutions, offering both businesses and individuals a reliable means of conducting digital transactions. With this new funding, Usual plans to scale its platform, increasing its offerings and reach in the market. Binance Labs and Kraken Ventures, both influential investors in the cryptocurrency space, are backing Usual’s strategic efforts to improve stablecoin transactions.
About Usual
Usual provides a platform designed to facilitate stablecoin transactions, aiming to simplify digital financial interactions for individuals and businesses. The company focuses on creating efficient and secure processes for the use of stablecoins within the blockchain ecosystem.
Website: https://usual.money
X: @usualmoney
About Investor
Binance Labs
Binance Labs is the venture capital division of Binance, a leading cryptocurrency exchange. Established in 2018, Binance Labs focuses on investments in early-stage blockchain and cryptocurrency projects. The firm aims to support innovation within the digital asset market.
Location: Hong Kong
Website: https://labs.binance.com/
Kraken Ventures
Kraken Ventures is the venture capital arm of Kraken, a global cryptocurrency exchange. Founded in 2020, Kraken Ventures invests in blockchain and cryptocurrency companies at early stages. The firm supports businesses that contribute to the growth of digital assets and decentralized finance.
Location: San Francisco, California
Website: https://www.krakenventures.com/
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