OpenTrade raises $7M to expand stablecoin services in nations with high inflation

OpenTrade, a stablecoin yield products firm, has raised $7 million in a strategic funding round led by Notion Capital and Mercury Fund, with participation from a16z crypto, AlbionVC and CMCC Global, according to CoinDesk. This brings the London-based company’s total funding to $11 million in just six months, reflecting investor confidence in its efforts to deliver yield-generating stablecoins in inflation-affected markets. The company plans to use the new capital to expand its operations and enhance its technology.