PANews, March 31: According to Fortune, The Better Money Company, founded by former a16z crypto investor Sam Broner and partner Adam Zuckerman, has announced the completion of a $10 million seed round led by a16z crypto, with participation from BoxGroup, Sunflower Capital, Circle co-founder Sean Neville, and former Microsoft executive Charlie Songhurst. The project aims to build a stablecoin settlement platform offering centralized exchange and liquidity services for compliant stablecoins such as USDC and USAT that meet the Genius Act standards. By establishing direct accounts with issuers like Paxos, Stripe Bridge, and MoonPay, the platform seeks to reduce institutional costs associated with buying and selling stablecoins on open markets.
Stablecoin Settlement Platform Better Money Completes $10M Seed Round Led by a16z Crypto
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Summary
Crypto exchange news: The Better Money Company, co-founded by former a16z crypto investor Sam Broner and Adam Zuckerman, has closed a $10 million seed round led by a16z crypto. Project funding news includes participation from BoxGroup, Sunflower Capital, and Circle co-founder Sean Neville. The platform will offer stablecoin settlement and liquidity services for Genius Act-compliant stablecoins such as USDC and USAT, with direct redemption via Paxos, Stripe Bridge, and MoonPay.
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