KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC

Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption.

KuCoin recently led a $10 million funding initiative for offshore Chinese yuan stablecoin issuer CNHC. This investment by the leading crypto exchange’s investment is part of a broader scheme to support stablecoins.

In addition to KuCoin’s investor IDG Capital, the CNHC funding round also saw participation from other leading industry investors, including Circle.

Execs Weigh In on KuCoin-CNHC Development

Commenting on KuCoin’s involvement in the CNHC funding round, the exchange’s chief investment officer and KuCoin Ventures lead, Justin Chou, explained that “KuCoin is always interested in building a stronger infrastructure for the financial system.”

Chou also added that the new CNHC investment marks KuCoin Ventures’ first in a stablecoin-related project. Further speaking on the CNHC development, Chou noted:

Read More: https://www.coinspeaker.com/kucoin-funding-yuan-stablecoin-cnhc/

KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC

Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption.

KuCoin recently led a $10 million funding initiative for offshore Chinese yuan stablecoin issuer CNHC. This investment by the leading crypto exchange’s investment is part of a broader scheme to support stablecoins....


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