Standard Money, the developer behind the BNB Chain ecosystem stablecoin USDsd, has successfully closed an $8 million strategic funding round. The round was led by Yzi Labs, with significant contributions from Gate.io, Crypto.com, and Animoca Brands. USDsd is an algorithmic stablecoin designed to seek yield, leveraging the stablecoin USDT as its foundation. The newly acquired funds are earmarked for the launch of Standard Money's mainnet, enhancing liquidity partnerships, and expanding global operations. This funding marks a significant step in Standard Money's efforts to establish a robust presence in the stablecoin market.