Stable completes a $28 million seed round of financing, led by Bitfinex and Hack VC
According to online reports, the Layer 1 blockchain Stable, built specifically for stablecoins, announced that it has completed a US$28 million seed round of financing. Bitfinex and Hack VC jointly led the investment, with Franklin Templeton, eGirl Capital, Mirana, Castle Island Ventures, Susquehanna International Group, Nascent and Blue Pool Capital participating. Joshua Harding, founder and CEO of Stable, said the round of financing consisted of a simple future equity agreement (SAFE) and token warrants, but he declined to disclose the valuation after the financing.
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