Following a $3.9M seed round with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom and others, Fluid will launch USDF, the native stablecoin of Fuel network, a modular execution layer. In addition to the seed capital, Fluid previously secured a direct investment and a grant from Fuel Labs. The Fluid Team was founded by David Mass and Meir Bank, who were previously at Citibank and AngelDAO.
Additional Investors in the round included Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Relayer Capital, and others. Angel investors who contributed to the fundraise included Meltem Demirors, Kartik Talwar, Cami Ramos Garzon, Mike Silagadze, Alan Curtis, and Ben Lakoff.
The capital infusion from the seed round will accelerate the development and launch of USDF, fund security audits to secure the protocol, and expand the team.
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