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Stablecoin issuer Stablecorp completes $1.8 million financing round with participation from Coinbase Ventures

BlockBeats News, May 24th, according to Betakit, Canadian stablecoin issuer Stablecorp has completed a $1.8 million financing round, with investors including Coinbase Ventures and Side Door Ventures.


The funds will be used to expand the infrastructure of the Canadian dollar stablecoin QCAD, including establishing on-chain forex liquidity and integrating payment channels.

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Coinbase Ventures is not a company at all: it has no fixed fund size and zero full-time employees.
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"Projects backed by big companies are usually promising."
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