USDsd Secures $8 Million to Accelerate its BNB Chain Algorithmic Stablecoin Mainnet Deployment

COINOTAG News reports that Standard Money, the developer of USDsd, an algorithmic stablecoin built on the BNB Chain, has closed an $8 million funding round. The round was led by Yzi Labs, with participation from Gate.io, Crypto.com, and Animoca Brands.

USDsd is designed as a yield-maximizing instrument that seeks to maintain a peg through smart contracts and dynamic supply adjustments, drawing inspiration from USDT. The capital will support mainnet deployment, expand liquidity partnerships, and scale global operations.

Market observers view the financing as a sign of growing enthusiasm for stablecoins on the BNB Chain, while emphasizing disciplined governance and robust risk controls as deployment proceeds.