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OpenTrade Raises $17M for Stablecoin Asset Linking
Description
OpenTrade secures $17M in funding to connect stablecoins with real-world assets, led by Mercury Fund and Notion Capital. The London-based firm, regulated by the FCA, aims to enhance permissioned and permissionless setups, and expand asset management and trading teams. They offer stablecoin yield products backed by actual assets, simplifying yield offerings for platforms. With $5.67M in locked value and $250M in trades last year, OpenTrade is poised to serve more players in the growing stablecoin market, valued at over $310 billion.
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