The stablecoin lending protocol Hubble Protocol on Solana has completed a $5 million strategic financing round, led by Multicoin Capital

2022-09-08 19:33:41
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According to Chain Catcher, The Block reported that the Solana-based stablecoin lending platform Hubble Protocol has completed a $5 million strategic financing round, led by Multicoin Capital, with participation from DeFiance Capital, Delphi Digital, Digital Currency Group, Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan Group, DeFi Alliance, and Mechanism Capital, bringing the total funding for the protocol to $15 million so far.

It is reported that Hubble will use this round of financing to advance its roadmap, including improving the current platform and promoting the use of its stablecoin USDH by launching new DeFi services and products. (Source link)

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