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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/
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/
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