Stablecoin developer Standard Money has completed an $8 million strategic round of financing, led by Yzi Labs

According to CoinDesk, Standard Money, the developer of the BNB Chain-based stablecoin USDsd, announced the completion of an $8 million strategic funding round, led by Yzi Labs, with participation from Gate.io, Crypto.com, and Animoca Brands.

The new funds will be used to support the launch of Standard Money's mainnet and to expand its liquidity partnerships and global operations.