Canadian stablecoin company Loon has successfully raised C$3 million (approximately $2.15 million) in a seed funding round. The round was led by Version One Ventures, with additional investments from Garage Capital and several Canadian angel investors. Loon aims to introduce a stablecoin pegged to the Canadian dollar, offering an alternative to U.S. dollar-based stablecoins and potentially reducing dependency on them in the Canadian market.
Loon Secures C$3M to Launch Canadian Dollar-Pegged Stablecoin
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