Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stable Coin – coinness.com
Startup Unicorn called TMON has announced on Tuesday that it has raised a $32 million seed round to build a stablecoin called Terra.
The round includes notable crypto investors, including Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, Arrington XRP, Binance.
Ella Zhang, head of Binance Labs, said in a statement: “While we see many stable coins coming out, Terra’s journey is especially meaningful as they are designing one of the few price-stable protocols with existing, working and strong go-to-market strategy and usage.”
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