Stablecoin company Loon has completed a seed round financing of approximately $2.15 million, led by Version One Ventures

ChainCatcher news, according to PR Newswire, Canadian stablecoin company Loon has completed a seed round financing of 3 million Canadian dollars (approximately 2.15 million USD), led by Version One Ventures, with participation from Garage Capital and a consortium of Canadian angel investors.

It is reported that the company plans to launch a Canadian dollar-based stablecoin to reduce reliance on USD stablecoins.