RWA-Backed Stablecoins
Obex has secured $37 million in funding to create a platform akin to Y Combinator, aimed at developing stablecoins backed by real-world assets (RWA). The funding round was led by Framework and Sky. This initiative seeks to enhance the stablecoin market by providing a support framework for projects utilizing RWA. The focus will be on fostering innovation in the stablecoin sector, which has seen increasing demand for asset-backed solutions. By leveraging the model of Y Combinator, Obex aims to cultivate a new generation of stablecoins that address current market needs.
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