Stablecoin issuer CHNC Group has raised $10 million led by cryptocurrency exchange KuCoin.
CNHC Group, KuCoin’s investment arm is led by KuCoin Ventures. A series total funding round 10 million dollar raised funds. Investors include KuCoin Ventures as well as investors of the stock market. IDG Captial and stablecoin issuerI Circle (USDC) was also present.
In the present case Ethereum (ETH) And Conflux (CFX) active on blockchains CNHCis a stablecoin project pegged 1:1 to the Chinese Yuan.
co-founder of CHNC Group Joy Chamabout the stablecoin project two years He stated that they had been released before. of CNHC stable its structure and limited risk remarkable, Cham still from banking crashes some amount that they are affected expressed. Also, currently only in TruBit Pro listed stablecoin coming soon central And decentralized in other markets will be listed told.
Chairman of KuCoin Ventures Justin Chou In a statement to the press on the subject, Asia Pacific in the Web3 infrastructure development established for the purpose of of your strategy investment, which they describe as part of the company, stablecoin to his project initial investment stated that.
of Hong Kong rooted One financial center Noting that the city is the world’s new crypto hub on the way to being a real to potential He added that he had