USDX - About the company
USDX is a series C company based in Seoul (South Korea), founded in 2017. It operates as a Provider of stable coins. USDX has raised $45M in funding from investors like UOB, Jeneration and DRAGONFLY, with a current valuation of $*****. The company has 324 active competitors, including 72 funded and 7 that have exited. Its top competitors include companies like Circle, Terra and KAST.
Company Details
Provider of stable coins. It specializes in USDX, a Bitcoin synthetic USD stablecoin developed within the blockchain ecosystem.
Key Metrics
Founded Year
2017
Location
Seoul, South Korea
Stage
Series C
Total Funding
$45M in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Dec 02, 2024
Ranked
78th among 324 active competitors
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USDX's funding and investors
USDX has raised a total funding of $45M over 1 round. Its latest funding round was a Series C round on Nov 29, 2024 for $*****. 6 investors participated in its latest round. USDX has 6 institutional investors.
Here is the list of recent funding rounds of USDX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 29, 2024 | 3951678 | Series C | 2619194 | 5283115 | 7635846 | 1369309 |
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USDX's Competitors and alternates
Top competitors of USDX include Circle, Terra and KAST. Here is the list of Top 10 competitors of USDX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Circle 2013, Boston (United States), Public | Cross-border payment solution for businesses focusing on cryptocurrency | $1.51B | 88/100 | |
2nd | Blockchain network for payments | $125M | 76/100 | ||
3rd | App-based platform offering stablecoins | $90M | 75/100 | ||
4th | _1548905278025.png?devicePixelRatio=2&height=30&width=30){kind=logo} Celo 2011, San Francisco (United States), Acquired | Blockchain-based stable coins for social payments and money transfers | $65M | 71/100 | |
5th |  StableCorp 2019, Toronto (Canada), Series A | Decentralized stable coin used for enabling B2B payments | $8.51M | 60/100 | |
6th | Prepaid Japanese Yen Stablecoin made on public blockchain | $67.5M | 57/100 | ||
7th | TrustToken 2017, San Francisco (United States), Series A | Decentralized platform for physical asset tokenization | $32.5M | 57/100 | |
8th |  MakerDAO 2014, San Francisco (United States), Series A | Stable coin based on Ethereum blockchain | $63M | 56/100 | |
9th | Provider of a stablecoin payments network | $20M | 56/100 | ||
10th |  Ubyx 2025, Wilmington (United States), Seed | Provider of a clearing system for stablecoin transactions | $10M | 55/100 | |
78th |  USDX 2017, Seoul (South Korea), Series C | Provider of stable coins | $45M | 32/100 |
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USDX's Investments and acquisitions
USDX has made no investments or acquisitions yet.
Reports related to USDX
Here is the latest report on USDX's sector:
News related to USDX
•
usdx.money Secures $45m New Financing at $275m ValuationCryptopotato•Dec 02, 2024•USDX, NGC Ventures, BAI Capital, Generative Ventures and 4 others
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FAQs about USDX
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