KuCoin Ventures, the main investment arm of the crypto-exchange, led a $10 million funding round for the Chinese yuan-anchored stablecoin. KuCoin: crypto-exchange leads $10 million funding round for CNHC stablecoin Crypto exchange kuCoin led a $10 million funding round for stablecoin issuer CNHC, a stablecoin pegged to the value of the offshore yuan. Basically, the venture arm of the Chinese (but Seychelles-registered) crypto-exchange KuCoin, said the funding round included some major industry investors, including KuCoin investor IDG Capital and Circle Ventures, the investment arm of USD Coin. According to reports, CNHC co-founder Joy Cham said the platform launched its offshoreGo to Source
Author: coinmaker