Satoshi Protocol has raised $2 million in seed funding. The Dubai-based startup claims to be the first stablecoin protocol backed by Bitcoin.
In a move that could reshape the Bitcoin ecosystem, Satoshi Protocol has raised $2 million in seed funding. The Dubai-based startup, which claims to be the first stablecoin protocol backed by Bitcoin, is eyeing expansion and enhanced security measures. CMS Holdings and RockTree Capital led the round. Cypher Capital, Metalpha, and a handful of other investors also jumped on board. The cash injection comes at a crucial time for the young company.
The Dubai-based startup, which claims to be the first stablecoin protocol backed by Bitcoin, is eyeing expansion and enhanced security measures. CMS Holdings and RockTree Capital led the round. Cypher Capital , Metalpha, and a handful of other investors also jumped on board. The cash injection comes at a crucial time for the young company. Satoshi Protocol Cypher Capital Satoshi Protocol isn't just another crypto project.
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