11 Oct 202414:10
Project update
Bitcoin-backed stablecoin developer Yala raised $8 million in a Seed funding round

Bitcoin-backed stablecoin developer Yala raised $8 million in a Seed funding round

Polychain Capital and Ethereal VC led the Seed funding round. Other investors include Galaxy Vision Hill, Anagram, ABCDE, Amber, HashKey Capital, Satoshi Lab, and UTXO. The launch of Testnet is expected this month, while Mainnet scheduled for Q1 next year.