Bluejay looks to raise $5m to mint SG stablecoins

2022/11/03 05:34

According to Tech in Asia, Bluejay Finance, multicurrency stablecoin issuer, is raising $5 million from the sale of its governance token BLU. The funds will be used to mint Bluejay’s first stablecoin bluSGD, pegged to the Singapore dollar. The funds will also be used for market making bluSGD on decentralized exchange Uniswap.

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