Hubble Protocol, a Stablecoin lending platform, completed a $5 million funding round led by Multicoin Capital

Hubble Protocol, a Solana-based Stablecoin lending platform, announced the completion of a $5 million funding round on Sept. 8, BlockBeats reported. The round was led by Multicoin Capital, DeFiance Capital, Delphi Digital, Digital Currency Group, Crypto.com Capital, ParaFi, Jump Capital, Decentralized Park Capital, CMS, Spartan Group, DeFi Alliance and Mechanism Capital participated. Hubble Protocol will use the money to advance its roadmap. Includes improvements to the current platform, as well as advancing the use of its Stablecoin USDH by launching new DeFi services and products. In January before that, Hubble Protocol completed $10 million financing, and Three Arrow Capital and others participated.