Stablecoin issuer IDA completes $6 million seed round financing, led by CMCC Global

ChainCatcher news, stablecoin issuer IDA has raised $6 million in a seed round led by CMCC Global, with participation from its Titan Fund and Hashed. This funding will enable IDA to advance the development and launch of its first fiat-referenced stablecoin HKDA, which aims to be regulated in Hong Kong. Other participants in this round of financing include Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ, and Yolo Investments, as well as notable angel investors such as Solana co-founder Raj Gokal.