CoinDesk has retracted its report on Standard Money's $8 million strategic funding round. The company initially claimed the round was led by YZi Labs with participation from Gate io, Crypto com, and Animoca Brands. However, three of these companies have denied involvement, and Crypto com has not responded to requests for comment. Standard Money, formerly known as Tranching Protocol, was part of the Binance Labs incubation program in 2021.