Stablecoin project Reflect Money completed a $3.75 million seed round financing, with a16z CSX participating

According to Foresight News, stablecoin project Reflect Money completed a $3.75 million seed round of financing, led by a16z crypto CSX accelerator, and participated by Solana Ventures, Equilibrium, BigBrain Holdings and Colosseum. The new funds will be used to build a "software-as-stable currency" infrastructure, allowing any application to issue interest-generating dollars without locking in funds or complex operations. Reflect is scheduled to go online on the mainnet in early September, first supporting USDC on Solana.



The Reflect protocol tokenizes the on-chain DeFi strategy and then converts the deposited USDC balance into an interest-producing "USDC+" while maintaining full liquidity. Stablecoins will be in a non-custodial mode and can be minted and redeemed on demand at any time.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.