xBacked
Decentralized Stablecoin protocol For Algorand
xbacked.algo
@xbacked.algoFollowers3.98 K
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Fiat-backed stablecoin protocolxBacked is a decentralized stablecoin protocol that allows anyone with ALGO to mint xUSD, which is over-collateralized by assets such as Algo, BTC, and ETH.
Investors
Borderless Capital
Arrington Capital
Delphi Digital
Mechanism Capital
0xVentures
Meld Ventures
Cluster Capital
Ellipti VenturesFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Seed | $1.50M | -- | 2022-01-06 |  Borderless Capital* Arrington Capital+ 6 |