Stablecoin Platform Brale Raises $30M
Stablecoin Platform Brale Raises $30M. Photo By Yousha Rasid On Unsplash.
Brale has announced a successful raise of $30M from investors to continue scaling its stablecoin infrastructure and issuance operations, according to the company's blog page.
Brale is one of the latest to announce more capital to support the huge wave of demand for regulated stablecoin issuance, transfers, and treasury management following the passing of the Genius Act earlier in the summer - a cornerstone for digital asset regulation.
This was made possible by lead investors Lightspeed, and supported by NEA, Refract, The Fintech Fund, Foundation Capital, and others. Included into its active ecosystem is the Canton Network and Glo Dollar, for which Brale supports issuance and on/off-ramps.
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Source(s): https://brale.xyz/blog/new-capital
