Standard Money secures $8M in strategic funding

Stablecoin developer Standard Money has secured an $8 million strategic investment, CoinDesk reported. The round was led by YZi Labs, with participation from Gate.io, Crypto.com, and Animoca Brands. The funds are slated for the company's mainnet launch, liquidity partnerships, and global operations. Standard Money is the developer of USDsd, a stablecoin based on the BNB Chain.