🤑 Exchanges invest $32 million in new stablecoin
Global exchanges Binance Labs, OKEx, Huobi Capital, and Dunamu have all poured capital into Terra, a stablecoin project. The deal is a token-based investment round, as opposed to equity, and Terra plans to hold a private sale in a couple of weeks. The company will eschew a public sale with retail investors, but it plans to hit exchanges in the coming months. Terra's plan for mass adoption is to leverage e-commerce in Asia and offer its own Stripe-like payment option.
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