Resolv Labs Raises $10M as Crypto Investor Appetite for Yield-Bearing Stablecoins Soars
Resolv Labs, the firm behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed round to expand its crypto-native yield platform and USR stablecoin, the team told CoinDesk in an exclusive interview.
The investment round was led by Cyber.Fund and Maven11, with additional backing from Coinbase Ventures, Susquehanna’s subsidiary SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures and others.
Stablecoins, a $230 billion and rapidly expanding class of cryptocurrencies with pegged prices to an external asset, are capturing attention well beyond their traditional use in payments and trading. A growing cadre of crypto protocols offer yield-bearing stablecoins…
